Privatize the units but not the commons - Division of Labour

The result is predictable and sad. The heat doesn't work, roofs leave, landscaping is nil and the building exteriors are crumbling. Meanwhile, the individual flats are quite nice on the inside--but how long before the buildings fall apart?

Division of Labour is a team blog. One member is Deidre McCloskey, though no posts yet from her.

Via another group economics blog, the Knowledge Problem. Over there, Lynne Kiesling is doing some interesting ruminating about organic competition v. managed competition. And dressing for success, too.