Jon Bostwick agrees on another post that "Man is clever but not wise ("homo sapiens" is a misnomer)", but further comments (emphasis added): "True. But humanity is wise. Men create cultures, economies and law. "Man's flaw is that he is over confident of his own intelligence...
Posted to
TT`s Lost in Tokyo
by
TokyoTom
on Mon, Oct 15 2007
Filed under: environment, mises, state, property, ostrom, cordato, commons
Over at Cafe Hayek , Don Boudreaux blogs about fishing and property rights. This got me thinking: What is necessary for rational allocation of fishing rights? Clearly, treating the ocean's fish as totally unownable is problematic, as that sort of thing would naturally lead to overfishing. At first...
Posted to
Natural Order
by
Grant
on Tue, Oct 2 2007
Filed under: Environment, Property Rights, Hayek, Commons