Sublime

Money balances are private property but the institution of money is a common pool resource, in arguably exactly the same way that a stock of fish might be a common pool resource, even though fish fished by fishermen have clearly become private property.

There frankly is a hell of a lot of value in the game theory and economics literature.

The craftsmanship of their lawyers, the code’s masters, explains the adaptability of the code to the ever-changing roster of assets; and the wealth-creating benefits of capital help explain why states have been only too willing to vindicate and enforce innovative legal coding strategies.

Two great problems in Economics Allocation in the Economy Quantities: General equilibrium, international trade, game-theory outcomes . . . Formation in the Economy Processes: Of econ development, discovering novel technologies, structural change, arrival of new institutions, temporary phenomena like bubbles, crashes . . . The former is