Re: One benefit of the EU was to reduce “transaction costs” and benefit business. Now they seem to be back. One more reason to pay attention to real economists.

See: Ronald Coase, “Nature of the Firm,” 1937. No charts or figures, wonderfully lucid, eventually helped Coase win his Nobel. Now, ignored by Brits.

Dan

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> On Oct 22, 2019, at 5:02 AM, DANIEL P. Tompkins <[email protected]> wrote:
> 
> 
> 	Owen Smith (@OwenSmith_MP)
> 10/22/19, 3:59 AM
> So businesses in Northern Ireland will have to pay an extra £15-56 every time they want to export something to the rest of the UK. Small businesses will have to pay the most, says the Government. Don’t remember seeing that on the side of a bus? pic.twitter.com/osuUWnFLgG
> 
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> Sent from my iPhone