> ... through contrivance he can impose.. diseconornies on other[s]..bargaining within the new market.. will... make him better off. The more significant the social cost imposed upon his neighbor, the greater will be his reward... It follows from the orthodox assumption of #MaximizingMan that each man will create a maximum of #SocialCosts which he can impose on others. D'Arge and I have labeled this process "the invisible foot" of the laissez faire ... market place.
https://znetwork.org/wp-content/uploads/zbooks/www/books/3/3.htm#3.2.1
#InvisibleFoot #LaissesFaire #EKHunt #AlbertHahnel
https://znetwork.org/wp-content/uploads/zbooks/www/books/3/3.htm#3.2.1
#InvisibleFoot #LaissesFaire #EKHunt #AlbertHahnel