On 6/21/07, Julio Huato <[EMAIL PROTECTED]> wrote:
Jim Devine wrote:
> BTW, overfishing is a example of
> market failure that's well known
> even among neoclassicals (the
> "tragedy of the commons"). Why
> don't they respond?
An example of market failure?
it's one that I heard about in grad school (concerning common-property
resources or common-pool resources). Has it been dropped from the
official list? They promised they'd call me before they did anything
like that. ;-)
--
Jim Devine / "The price one pays for pursuing any profession or
calling is an intimate knowledge of its ugly side." -- James Baldwin
