Middlemen: From Mancgere to Amazon
The Answer Is Transaction Costs
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The Mankier of 1050 AD
The Mankier of 1050 AD was not a parasite. Certainly not in his own eyes, and in retrospect, not in our eyes either. The question is, what do you think is the counterfactual? What would have happened otherwise? And the answer is very likely they would not otherwise have been able to obtain that product at any price. It seems like we'd be better off without it.
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