Gillman, Max - In: International Journal of Social Economics 26 (1999) 5, pp. 590-596
This essay presents a theory of the State as derived from the writings of Coase, Stigler, and Smith. It argues that the … level of non‐zero transactions costs. These tenets suggest an explanation for the secular growth of government. Also …, alternative to the Marshallian theory of differing marginal utilities of a dollar of income, the essay offers a more general …