Maybe he should have gotten the award that went to Coase.
Jim Devine wrote:
No major company has ever gone that far because of the difficulty of
specifying everything it needed in contracts....
didn't Bernie Madoff's operation have minimal overhead, dealing almost
entirely with markets?
--
Michael Perelman
Economics Department
California State University
Chico, CA
95929
530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
