What is the economy?

The

Gridock economy is an economy that is thus awarded the rights of private ownership and private ownership that it ceases to use the sources available to an effective way for greater good population. The term was created by the author and professor Michael Heller, who wrote a book by this name published in 2008. The book was widely reviewed and triggered a number of debates. Illustration of real estate owners uses as gaters. Since porters have the right to provide and reduce access, have great strength and can encourage or discourage progress. As the number of porters increases, the difficulty of navigation through the Gridock economy is also increasing. Heller focuses on several of them, including real estate and intellectual property. In one case, they argue that intellectual property rights may, through the use of patents, to suppress innovations in the field of health care, creating the Gridock economy, at least in the micro scale. Private property rights can suppress progress byThat it makes it difficult to complete public works projects such as roads and, as Heller notes on the book, even runways.

Any book attacking private property rights will be controversial. Some, especially conservatives, will see the Gridck economy as an attack on capitalism by an academic elitist. Private property rights are characterized by the features of capitalist society. Although it cannot be denied as much of what Heller suggests, it goes against the principles of capitalism, and it could be his motivation to write a short -sighted book. In one piece, Heller wrote the idea of ​​writing Gridock's economy came from the motivation he received after heard of a life -saving drug, had trouble getting into the market.

Heller points out that both burdensome regulations and excessive privatization play a role in the Gridock economy. He claims that the liberals and the consumerErvativs can find the cause they can stick to.