Eric wrote:
Since the amount of
money in the economy here was fixed, paying 2 to 25 cents
to reduce
another person's wealth by one dollar sounds like a pretty good
investment decision to me,
in
effect raising one's own wealth by between 75 and 98 cents. Is this
right?
.
Sadly, my own experience with my wedding photographer provides anecdotal
evidence for Mark Steckbeck's theory that photographers who sell their
negatives might do so to compensate for the inferior quality of their
photographs compared to photographers who won't sell their negatives.
Eric M
Perhaps cliche, but in a similar law and econ vein, but not quite as
technical as Posner, try Richard Epstein, _Simple Rules for a Complex
World_. Or the first volume of Buchanan's collected works from Liberty Fund
(for those of us, like me, who cannot make it through more technical pieces
of
