"The Tragedy of the Anticommons: Property in the Transition from Marx to Markets"

"The Tragedy of the Anticommons" occurs when too many owners have rights to exclude others from using a resource, causing delays and underuse. In transitioning from Marxist to market economies, this happens when property rights are fragmented or unclear, hindering efficient use and innovation. Instead of a resource being shared or used productively, multiple owners block access, leading to economic stagnation. The article explores how establishing clear, well-managed property rights can help avoid these bottlenecks and promote more efficient and dynamic economic growth during such societal shifts.