This week I finished: The Problem of Social Cost, by R. H. Coase: I heard about this paper months ago, or maybe years. I read it because it came up in the Cato Institute podcast I wrote about in Libertarians confused on pollution, sacrificing their core values. At the root: lack of hands-on practical experience. I believe I see Coase’s starting point that conflicts don’t necessarily mean one person harming[…] Keep reading →