market-schmarket (was: Dark Sides of 'Solidarity'?)

Richard Marens parvus at u.washington.edu
Sat May 9 14:18:53 PDT 1998


I'm not sure that the cost of transactions and production can be so easily seperated even in manufacturing. Is the cost of measuring size, weight a production cost or a transaction cost? For services, such as running a restaurant, I can't see how one can make the distinction at all.



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