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1min chapter
Certainty, Common Law, and Statutory Law: Todd Zywicki of Scalia Law
The Answer Is Transaction Costs
Exploring Public Choice Theory and Information Limitations
This chapter examines the challenges of group decision-making outlined by public choice theory, emphasizing the diverse motivations of individuals involved. It also reflects on Hayek's observations regarding the constraints of collective information and the context of his influential work.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode