Thursday, June 19, 2008

Property Rights and the Crisis of the Electric Grid

I am pleased to announce that the above-entitled article, written by (non-pseudonymous) me, has been published by The Objective Standard.

The article addresses what went wrong with the electric grid, and traces its problems to a critical failure to secure a vital asset in the earliest days of the industry. That failure, apparent even before Thomas Edison threw the switch to light up America's first commercial electric grid in Lower Manhattan in 1882, haunts the industry to this day. What is that vital asset? Why and how must it be secured? If it is, what kind of future becomes possible?

My answer is here.

4 comments:

James said...

Congratulations! I am a big fan of your writings, and now I most certainly must check this out!

Galileo Blogs said...

Thank you, James. I welcome any comments you might have after reading it.

Bill Brown said...

I really enjoyed it. As a student of history, it was fascinating to see how we got here from there. I was familiar with the Edison days of electricity and obviously now but the intervening period was a mystery. I also liked your ideas for how to address the situation in a free market.

Anonymous said...

It was extremely interesting for me to read the blog. Thanks for it. I like such topics and anything connected to this matter. BTW, try to add some photos :).