Thursday, August 23, 2012

"Economics in Denial" by Howard Davies | Project Syndicate

"And painful experience tells us that economic agents may not behave as the models suppose they will."

Painful experience tells us that pool players don't actually carry slide rules and work out equations on chalkboards before taking shots.

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Thursday, August 09, 2012

Elinor Ostrom on Defining Common Property

"Scholars who have designed taxonomies to point out the difference between open access arrangements and common property have sometimes distinguished four very general "types" of property: public, private, common and open access. This classification unfortunately creates the erroneous impression that common property is not private property and thus does not share in the desirable attributes of private property. It is crucial to recognize that common property is shared private property and should be considered alongside business partnerships, joint-stock corporations and cooperatives."

McKean, M. and E. Ostrom (1995) ‘Common Property Regimes in the Forest: Just a Relic from the
Past?’, Unasylva, 46 (180): 3-15;

Saturday, August 04, 2012

Biotechnology is the intersection of science and capitalism

And, how to ruin a good thing:

See also these links related to rent seeking and biotechnology.

 References: Matt Bogard. "Sustainable Agriculture Bibliography" 2010
Available at: