The Answer Is Transaction Costs

← The Answer Is Transaction Costs23 jun · 50 min

Parasites And Property Rights

Parasites And Property Rights23 jun50 min

Send us Fan Mail BIBLIOGRAPHICAL NOTE: The information in this episode comes from Red Flags Press. Their main web site is very useful for research purposes, and I recommend it! We follow the idea of the “social parasite” through socialist writing and show how it shifts from moral accusation to an enforceable legal category once society claims ownership over individual labor. We argue that the transaction costs of monitoring effort and assigning “socially useful” work push real-wor...