Off the top of my head, I have two:
1) Pricing by proxy;
2) Any existence of rent-dissipation has to be a constrianed minimum.
Other contenders folks?
Off the top of my head, I have two:
1) Pricing by proxy;
2) Any existence of rent-dissipation has to be a constrianed minimum.
Other contenders folks?
March 10, 2008 at 12:21 am
Hi Gary and fellow lunchers,
I was going to ask for some really basic elaboration of the two ideas until I found some insight from Gary’s earlier comments (#8 and #9) in this post.
Being me, I am still confused. (smile) Gary, any chance that you can provide a page reference of the two ideas in the three volume set? I would love to read those pages. And if you can share your understanding, that will be greatly appreciated.
Love to learn,
Kempton
March 10, 2008 at 5:42 am
Oh yea, I am with you, Kempton!
I really need stuff up at breakfast before attending these lunches with you fellas. I knew too little about Prof. Cheung’s ideas and his significance in the history of Economics.
Your fellow prep-school goer