That is the title of my Mercatus working paper (PDF), released yesterday. Basically, it aims to be a short course in public economics for tech policy analysts. Almost all policy wonks have taken Econ 101, perhaps even a graduate version, in which they learn that externalities can cause markets to get prices wrong, and that [...]

Tags: Buchanan, Coase, cybersecurity, internet governance, market failure, Mercatus, Ostrom, public economics, Stubblebine
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Pete Boettke asks for essays addressing this question; I’ll give him a blog post instead. From the content of Pete’s post, it’s clear that he’s not asking if the blogosphere is a common-pool resource; rather, he’s asking about the comments that appear on blog posts. Furthermore, I don’t think he’s suggesting that by reading (i.e., [...]

Tags: blogosphere, Boettke, comments, common-pool resource, first world problem, Ostrom, Sturgeon's Law
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