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2min chapter
Dam Shame: It's not easy being government
The Answer Is Transaction Costs
The Flaws of Government Decision-Making and Market Theories
This chapter explores the intricacies of government decision-making, highlighting the inadequacies of voting mechanisms and the necessity of expertise for improved outcomes. It critiques traditional perspectives on market failures by asserting that all decision-making processes have inherent flaws in resource allocation.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode