Our readingWhat is a korrent?
Freedom of navigation is a global public good that decays once its guarantor is seen as unwilling to bear its cost.
Drawn from what Brad DeLong said
What this subject means
government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.
Mental modelsEverything decays without maintenance, Collective action problems