David Henderson on Economists’ Nobels, Obituaries, and More
The Great Antidote
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The Tragedy of the Commons
The tragedy of the commons is you can get a valuable resource, but because no one owns it, people have very little incentive to save her for the future. John MacIntosh: This guy actually predicted it. He thought it could work. And by the way, this textbook in which he talked about this, I don't know if I have it handy, it was written in the 1960s.MacIntosh: The next one on my list? A woman named Eleanor Ostrom who won the Nobel Prize last year.
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