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I've long thought that there was a creation of trust when the firm is created and it remains small, and another breakdown of trust when the firm becomes huge. S
by curuinor 9y ago
I've long thought that there was a creation of trust when the firm is created and it remains small, and another breakdown of trust when the firm becomes huge. So I think the fundamental transactional cost analysis applies when, say, the firm is small enough to be simultaneously hugged by a very big man, but doesn't apply above the Dunbar number.