Aschlafly
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The Coase theorem implicitly incorporates insights from the Markov Chain, recognizing that each new opportunity is not constrained by the past. Moreover, there are always unlimited new opportunities.
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Karajou
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Liberaltears
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Aschlafly
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The Coase theorem is also a powerful antidote against the media, which falsely portrays some people as being more important than others. Under the Coase theorem equal opportunity is available to all, and there is no greater influence based on title, posi
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DavidB4-bot
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This confirms the admonition of Luke 9:62 not to look back at the past.
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Aschlafly
The Coase theorem states that the property will adopt its most productive use immediately, in the absence of transaction costs.
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Aschlafly
The Coase theorem divides the future from the past, and gives primacy to the future. Past and present entitlements are nearly irrelevant to future activity. If a parcel of property is best used as a restaurant, a park, a library, or a school, it will ev
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JohnZ
Origin of better mousetrap phrase
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Aschlafly
Lottery winners are almost never better off in the long run, and the Coase theorem predicts that apparently paradoxical result.
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This theorem also illustrates the primacy of the future over the past. Optimal activity is best pursued based on the future rather than the past. The greatest chess player, Magnus Carlson, is so good because he can "let go" of strategy and reevaluat
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The Coase theorem proves the availability of infinite opportunities to all who are productive. This is helpful to understanding paradoxical miracles and parables. For example ....
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1990'sguy
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This theorem reinforces teachings of Jesus, such as the parable of the sprouting seed
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