Tyler Cowen on Identifying Talent, Changing Education, and Studying Progress, co-hosted by Jasmine Wang
Village Global Podcast
00:00
Are You Sympathetic to Increasing Returns or Expanding the Scope of Private Property?
Glenn Whale has this idea of increasing returns and that private property needs to be redefined. Are you sympathetic to that increasing returns or expanding the scope of private property argument? Well, I think increasing returns are significant in that I agree with them. The question is what to do about it. So I'm more likely to think that so-called ordinary regulation will give us at least a workable solution. And simpler political rules tend to be better. They're mainly there to produce legitimacy and give people a stake of being involved.
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