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One Response to “When More is Less”

  1. Victor /

    The fact is that even if there is only one distributive issue "the pie expands" the moment the parties reach an agreement. The reason is because each side has a different subjective perception of value of what is at stakes. When you agree to a voluntary exchange it is only because you value more what you are acquiring than what you are giving away. In a free market, you have to think of every voluntary exchange as a "gain - gain" outcome (forget the win -win nonsense). Reply

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