The Simple Economics of Commons: A Review of Brett M. Frischmann 'Infrastructure: The Social Value of Shared Resources'

International Review of Economics (Forthcoming)

7 Pages Posted: 27 Jul 2013 Last revised: 8 Aug 2013

See all articles by Rustam Romaniuc

Rustam Romaniuc

Université de Montpellier - LAMETA; Università di Torino - IEL

Date Written: July 26, 2013

Abstract

Brett Frischmann’s goal in “Infrastructure: The Social Value of Shared Resources” is to pose and reflect on two central questions that are at the core of many contentious debates in law, economics and public policy. First, we often take for granted infrastructure resources that shape our public and private lives. You are probably right now using one of the major pieces of infrastructure on which we daily rely on: the Internet. We heavily depend on this resource. The question, posed by Frischmann, is how much do we depend on this and other infrastructure resources that serve as “means to many ends”? To put it differently, where does the value for fundamental infrastructure, such as the Internet, roads, basic research, laws or languages, come from? The second difficult question examined in this book is: what is the optimal management regime for infrastructure to generate the maximum social value?

Keywords: economics of commons, commons management, public and social goods, law and economics

JEL Classification: D60, D70, H44, K00

Suggested Citation

Romaniuc, Rustam, The Simple Economics of Commons: A Review of Brett M. Frischmann 'Infrastructure: The Social Value of Shared Resources' (July 26, 2013). International Review of Economics (Forthcoming). Available at SSRN: https://ssrn.com/abstract=2298623 or http://dx.doi.org/10.2139/ssrn.2298623

Rustam Romaniuc (Contact Author)

Université de Montpellier - LAMETA ( email )

Faculté d'Économie
Avenue Raymond Dugrand
Montpellier
France

HOME PAGE: http://www.lameta.univ-montp1.fr/?lang=fr

Università di Torino - IEL ( email )

Via Real Collegio, 30
Moncalieri, Torino 10024
Italy

HOME PAGE: http://iel.carloalberto.org/

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