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The command economy argument is a subset of the transaction cost argument. Lots of people have long-term plans, and some of those plans involve extensive cooper
by byrneseyeview 15y ago
The command economy argument is a subset of the transaction cost argument. Lots of people have long-term plans, and some of those plans involve extensive cooperation from third parties. Companies are a smart abstraction for coordinating this behavior, but that's not all they do.