Sand heists and property rights in the Caribbean (Summer School)
5 August - 40 mins
Podcast Series
Planet Money
Imagine a nation where, for the residents, land is for the claiming. You walk down the street, pick out a nice looking plot of land, and just plop down a marker. No rent, no taxes, no deed – just free land. That’s the communal system of property rights that governed a small Caribbean island for over a century.
This week on our Summer School World Tour we make port on the small economies of island nations, a great place to explore how different experiments play out. Every small change – the good and the bad – has big consequences.
First, the fascinating test case on the island of Barbuda, where the people there have found a way to run things without the usual, formal land rights.
Then, we...
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