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Free Trade
Quote:
Originally posted by ltl/fb
Didn't some cat named Coase do something about this, with cows and trains or something? And now there is, like, a theorem named after him? And there might (or might not) have been a Nobel Prize involved?
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I don't think the problem is transactions costs, but you could persuade me otherwise. I think it's more like the fable of the dog and the cheese, except that this dog can't walk away with any cheese because he's trying to open his mouth up wide enough for two pieces of cheese.
And, please: Cats are so FB. This board is all about dogs.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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