Posts Tagged ‘ownership’

  • sponge..iStock_000007260046XSmall

    A Mixed Economy: Ownership Incentives

    May 14, 13 • 363 Views • No Comments

    Thinking about our mixed economy in which government and the market intermingle, I have always gravitated to this quote from former Secretary of the Treasury, Lawrence Summers: “In the history of the world, nobody has ever washed a rented car.”...  [read more]

  • Large planetoid in empty space

    Asteroids and the Wild West

    May 3, 12 • 224 Views • No Comments

    I’ve been wondering who should own an asteroid. This takes me back, for a moment, to colonial Massachusetts. When many of the first colonists arrived, they farmed communal fields where some got less and others got more. Soon though, unhappy sharing,...  [read more]