If our challenge is “change,” we might do better by turning to America’s strength in financial services rather than its relative inexperience in centrally directing resources.
PERC Senior Fellow Emeritus Bruce Yandle talks with EconTalk host Russ Roberts about the tragedy of the commons and the various ways that people have avoided the overuse of resources that are held in common.
PERC Senior Fellow Bruce Yandle orginated the theory of Bootleggers and Baptists in the early 1980s. In essence, two different groups suppor the same, regulations, but benefit from different effects of the regulation. Has anything changed?