Made You Think cover image

27: How to Buy Fake Science: Merchants of Doubt by Naomi Oreskes and Erik M. Cornway

Made You Think

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The Tragedy of Commons and the Role of Regulation in Innovation

"It's like, I mean, what is it the, not the neighborhood effect, but that's a good way of thinking about it. We have neighborhood effect and negative externalities. Yeah, but there's a, oh, tragedy of commons." They discussed different types of goods and how the free market doesn't work for public, unprofitable goods like parks and clean air. They also mentioned an effective strategy to reduce emissions by publishing a list of the worst polluters. Innovation is seen as a result of regulation."

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