Re: Gov't loves gov't

Lee Daniel Crocker (
Sat, 24 Jan 1998 16:08:36 -0800 (PST)

> This is true, but it also completely begs the question of how
> _either_ of you come to own anything in the first place. No-one has
> ever provided a satisfying explanation of how a person comes to
> 'own' a given piece of land from a state of nature.

Coase's work makes that completely irrelevant. In a sufficiently
free market with sufficiently low tansaction costs, the optimal
result will be found /regardless of initial distribution/. So why
whine about how anyone came to own things originally? It doesn't
matter; what matters is working on reducing transaction costs.

Lee Daniel Crocker <> <>
"All inventions or works of authorship original to me, herein and past,
are placed irrevocably in the public domain, and may be used or modified
for any purpose, without permission, attribution, or notification."--LDC