Mention772179

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so:text What is studied is a system which lives in the minds of economists but not on earth. I have called the result “blackboard economics.” The firm and the market appear by name but they lack any substance. The firm in mainstream economic theory has often been described as a “black box.” And so it is. (en)
so:isPartOf https://en.wikiquote.org/wiki/Ronald_Coase
so:description The Institutional Structure of Production" (1992) (en)
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