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Two worlds

Posted By Russ Roberts On August 9, 2007 @ 9:40 am In Family,Prices | Comments Disabled

Here is a very nice essay [1] by GMU student Geoffrey Lea on Hayek’s argument that we need to behave differently when we interact with friends and family compared to the strangers we meet in the extended order of market transactions.

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[1] a very nice essay: http://www.econlib.org/library/Columns/y2007/Leatale.html

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