- Cafe Hayek - https://cafehayek.com -

Coase Theorem In Action

Tweet [1]

One way to deal with life’s annoyances is to poke a gun in the annoying person’s face and order him or her to do as you (rather than as he or she) pleases – or, what is the same thing, to outsource your gun-pointing and diktating to a specialist in that field. ¬†Another, completely different way is peaceful commerce. ¬†(HT Jon Murphy)