2) …and the individuals in the polity capturing the differences as profits on decreased transaction costs, increased risk tolerance, and higher economic (monetary) velocity. (This follows my general method of analysis by via-negativa: we are always saving time via cooperation).
Source date (UTC): 2018-06-01 16:09:28 UTC
Original post: https://twitter.com/i/web/status/1002582912515047424
Reply addressees: @MartialSociety
Replying to: https://twitter.com/i/web/status/1002367912512970752
IN REPLY TO:
@MartialSociety
@curtdoolittle I searched your site & didn’t find anything related. Most discussions of externalities are at least tangentially prefaced with a description of the Coase theorem & its limitations. I’m interested in how you (or another propertarian) would approach the problem.
Original post: https://twitter.com/i/web/status/1002367912512970752
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