Valve Software's Chief Economist: A Spontaneous Order Firm
Note: This article was originally published at
Planet PHP
on 8 November 2012.
A corporation that tries to function as a type of a€˜spontaneous order' (i.e. without an internal system of command/hierarchy) seems like a contradiction in terms. Smith's and Hayek's spontaneous orders turn on price signals. As CoaseA et alA explained in the previous a€¦
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