i remember this happening when i was a tean ager in canada, where they took all these baby seals and clubbed them to death. That was the result of some pretty unthought out rules. And again, that that algernon and demsets, both in understanding the roll of ansentives. The other important roll, or property rights, that they both were aware of and talked about as is the role for conflict.
Economist and author David Henderson talks about his book (co-authored with Steve Globerman) The Essential UCLA School of Economics with EconTalk host Russ Roberts. Much of the conversation focuses on the work of Armen Alchian and Harold Demsetz, who both saw economics as a powerful tool for understanding human behavior and how the world works.