7) So in this sense my approach is broader than Coase, and where Coase incorrectly suggests cooperation reinforces seeking equilibrium, instead cooperation seeks convergence, competition seeks efficiency, and opportunity seeks disequilibrium, with shocks as discovery of limits.
Source date (UTC): 2018-06-01 16:17:58 UTC
Original post: https://twitter.com/i/web/status/1002585052159627264
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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