1) Hmmm… I think I see polity formation as the process of suppressing local rents, centralizing them to pay for local suppression of rents, and trading a small number of low cost rents that are predictable (taxation) for many high transaction cost rents that are not ….
Source date (UTC): 2018-06-01 16:06:51 UTC
Original post: https://twitter.com/i/web/status/1002582255607451650
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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