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Austin Vernon - Energy Superabundance, Starship Missiles, & Finding Alpha
Dwarkesh Podcast
The Theory of Firms
A paper called the theory of firms tries to explain why we have firms at all. The more transaction costs are reduced within people in a firm, as compared to the transaction cost between different firms, the bigger they get. And then even at the limit, you know, if you have ukno large transaction costs outside the firm, and it will make firms bigger. So what dos the world look like? And thats an aria.
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