Michael Heller is the Lawrence A. Wein Professor of Real Estate Law at Columbia Law School and has served as the school’s Vice Dean for Intellectual Life. He lives in New York City.
The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Livesby Michael Heller
Twenty-five new runways would eliminate most air travel delays in America; fifty patent owners are blocking a major drug company from creating a cancer cure; 90 percent of our broadcast spectrum sits idle while American cell phone service suffers. These problems have solutions that can jump-start innovation and help save our troubled economy. So, what’s
Twenty-five new runways would eliminate most air travel delays in America; fifty patent owners are blocking a major drug company from creating a cancer cure; 90 percent of our broadcast spectrum sits idle while American cell phone service suffers. These problems have solutions that can jump-start innovation and help save our troubled economy. So, what’s holding us back?
Michael Heller, a leading authority on property, reveals that while private ownership creates wealth, too much ownership means that everyone loses. Startling and accessible, The Gridlock Economy offers insights on how we can overcome this preventable paradox.
- Basic Books
- Publication date:
- Edition description:
- First Trade Paper Edition
- Product dimensions:
- 5.60(w) x 8.90(h) x 0.80(d)
- Age Range:
- 18 Years
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Go get The Gridlock Economy by Michael Heller and read it. It's not about love or Christian discipleship, but it is about public policy and justice. This should be required reading - for all of us. Before he was named professor of real estate law at Columbia Law School, Michel Heller developed, with (name) the 'Law of the Anticommons.' His insightful book gives multiple examples of how the underuse of critical information and resources blocks advances that would benefit all of us. Pharmaceuticals have cures that aren't coming to market. Why? We underutilize the available bandwidth so that your calls get dropped. Why? It took five years to get a vitamin A- rich grain of rice to market that would have prevented the deaths of between 6.2 and 1.2 million children in 3rd world countries. Why? The Gridlock Economy should be widely read, recommended to your congressional representatives, and become the focus of the internet's power to bring to ignite passion for change to break the gridlock. It's well-written. It's important. Read it. The only reason for the 4 star rating instead of five is the technical nature of the book. Parts of it are fairly technical.
Michael Heller has provided an informative, thought-provoking contribution to the discussion of property rights. Using real-life examples, he demonstrates the disaster that happens when too many people own small portions of a resource. Like squabbling siblings who inherit the family home, one holdout can prevent anyone from using or selling it. No one benefits. That¿s gridlock. Similarly, overuse or neglect often spoil unregulated, unprotected public resources: Licensing requirements prevent companies from developing new drugs because all the potential components are separately patented. Overzealous trademarking and copyrighting undermine the traditions of fair use, blocking artists¿ creativity. Heller¿s book is surprisingly entertaining for a work on intellectual property, real-estate law and economics. After you read it, you will never think about resources and ownership in quite the same way again. getAbstract recommends it to lawyers, artists, economists, research and development professionals, and anyone who¿s been wondering why you rarely see the characters in a screen play singing the happy-birthday song when they blow out the candles. (Answer: It¿s under copyright until 2030.)