Boettke, Peter J.; Candela, Rosolino A. - In: Journal of Contextual Economics – Schmollers Jahrbuch 140 (2020) 3-4, pp. 355-366
What can we learn about applied price theory from the Bourgeois Era? In this paper, we contend there are three important lessons that can be extracted from McCloskey's work on the Great Enrichment. First, transaction costs are not constraints, but objects of choice. Second, property rights are...
