kaal:claim:3782201-016

Middlemen such as police, lawyers, and insurance salesmen are the catalysts that exist to overcome the friction of economic corruption, and engineers who eliminate them mistake the catalyst for the friction.

Source quote, verbatim

Middlemen are the catalysts that exist to overcome the friction of economic cor- ruption. Police, lawyers, and insurance salesmen eliminate threats to business activity from different angles.

From

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021), The fallacy of Uniformitarianism and Chesterton’s fence, p. 21
https://ssrn.com/abstract=3782201 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Future of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782201

Classification

mechanismsupport: arguedeconomicsinstitutional-design

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