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Rosolino Candela and Peter Boettke: The Applied Theory of the Bourgeois Era: A Price-Theoretic Perspective
What can we learn about applied price theory from the Bourgeois Era? In their latest paper, NOUS members Rosolino Candela and Peter Boettke contend there are three important lessons that can be extracted from McCloskey’s work on the Great Enrichment. First, transaction costs are not constraints, but objects of choice. Weiterlesen…