A good is considered rivalrous if its use or consumption by one person deprives another person of the opportunity to use or consume it at the same time. If there is one tractor and two farmers want to ...

So, as I could have predicted, the comments section on my post about "non-rivalrous" goods and the nature of property rights has turned into a a rather contentious brawl. It currently has 600 comments ...

Economists have not always found it easy to explain why self-interested people would freely share scarce, privately owned resources. Their understanding, though, is much clearer than it was 20 or 30 ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Erika Rasure is globally-recognized as ...