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Coase theorem (view source)

Revision as of 00:41, July 21, 2009

495 bytes added ,  00:41, July 21, 2009
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A basis for this theorem can be found in the [[Parable of the Talents]].  One's [[faith]] and pleasing of [[God]] does not depend how the talents are divided.  The person given two talents pleases the master just as much as the person given five talents.
 
A basis for this theorem can be found in the [[Parable of the Talents]].  One's [[faith]] and pleasing of [[God]] does not depend how the talents are divided.  The person given two talents pleases the master just as much as the person given five talents.
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== Excuses? ==
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The Coase theorem has remarkable power in eliminating excuses for unproductive activity.  Transaction costs are the only real obstacle to efficient, productive activity.  Coining a famous saying, anyone of any means or background might invent a better mousetrap, and then the entire world will beat a path to his door.  There is no real excuse for not realizing full potential or opportunity, except perhaps transaction costs, and all should agree to reduce or eliminate those.
    
== References ==
 
== References ==
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