sexta-feira, novembro 19, 2004
it's very difficult to imagine a system that would work better than one with private property rights and a market: mechanisms that have proved themselves repeatedly against regimes where central authority is the dominant economic force. A private enterprise system with vigorous, competitive markets seems to function best because central authority cannot have all the diffused knowledge that is captured effectively by the workings of the market
Excerto do artigo Coase discusses famous theorem, future of applying economics in today's world.
posted by Miguel Noronha 3:50 da tarde
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