Economists pre-2000 would have predicted Wikipedia could not work because of the free-rider problem—everyone would happily read it but no one would create it without profit or glory; they were wrong because they misunderstood the pure pleasure (plus small private non-monetary returns like comments and recognition) that overcomes free-riding, making such voluntary contribution a massive positive social externality unprecedented in human history.
causalpending
Speaker
Russ RobertsEvidence Quote
“people misunderstood the pleasure the pure pleasure that overcomes some of that free writing problem”
Created: 6/15/2026, 9:28:59 AM
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