The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives
Twenty-five new runways would eliminate most air travel delays in America; fifty patent owners are blocking a major drug company from creating a cancer cure; 90 percent of our broadcast spectrum sits idle while American cell phone service suffers. These problems have solutions that can jump-start innovation and help save our troubled economy. So, what's holding us back?
Michael Heller, a leading authority on property, reveals that while private ownership creates wealth, too much ownership means that everyone loses. Startling and accessible, The Gridlock Economy offers insights on how we can overcome this preventable paradox.
Law | Law and Economics | Property Law and Real Estate
New York, NY
"The bottom line: a compelling account with broad policy implications."
"Maybe the revolution starts with The Gridlock Economy."
—Time Magazine Curious Capitalist Blog
"It seems all too infrequent an occurrence that a law professor writes a thoughtful and accessible book about law for a lay audience. But Michael Heller has done just that."
—Wall Street Journal Law Blog
"Offers a new way to look at economic issues."
"This could be one of this year's most important books.... Maybe the best thing to do is to send a copy of this vital book to your congressional representative."
"The last decade has produced enough books challenging received wisdom to fill a small – and stupendously popular – library called the Compendium of Counter-intuition, [including Malcolm Gladwell's Blink, James Surowiecki's Wisdom of Crowds, Chris Anderson's Long Tail]. The newest addition to the collection is The Gridlock Economy.... The difference is that Heller, unlike most of the authors of counterintuitive books, is actually a leader in the academic field he is scrutinizing.... Heller has managed to pull off one of the most perceptive popular books on property since Das Kapital.”
Heller, Michael A., "The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives" (2008). Faculty Books. 116.