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« Reaction Essay to Gaus at Cato Unbound | Main | The Fiction of a Frictionless World »


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Two of your GMU colleagues already explained why people do not act as Aumann's theory might predict:

Terrific piece, Peter.

A lot said, and said very well.

Agreed. Pete, this is one of your clearest and most idea-packed explanations of the Ostrom point and its connections to Austrian/Virginia political economy that I've seen you write.

This sentence in particular: "My point is that while we may disagree about the form of rules of property use, ultimately social order turns on the legitimacy and enforcement of the function of rules that mimic what a private property system would produce."

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