efficiency and transaction costs

This post was written by Jeroen van Beele

an economy is more efficient when its actors take more care of each other

i propose to define transaction costs as the delta between an optimal efficient organisation and the current organisation

update: define transaction costs as the delta between exchange value and use value


Saturday 14 April 2018

About Jeroen van Beele

hi, i'm the owner of this site guts4roses.org, i want to make an economy in which i feel at home, this site is called guts 4 roses because this economy is based on the guts to trust each other

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