Michael Heller on The Gridlock Economy
Why have pharmaceutical companies NOT brought important drugs to market? The reason is because there are too many competing patents and patent owners which make the process too costly and ultimately, not worth the effort. This is one example of what our guest Michael Heller calls “overuse” the idea that too many owners of a resource leads to economic gridlock. Heller is a professor of law at Columbia University and is author of “The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives.”
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