“Harold, the young kids out there are not going to be willing to go to the barricades in defense of lowered transaction costs.”

—  Murray N. Rothbard

A Cost/Benefit Analysis of the Human Spirit : The Luddites Revisited (15 March 2003) http://www.lewrockwell.com/shaffer/shaffer39.html.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Harold, the young kids out there are not going to be willing to go to the barricades in defense of lowered transaction …" by Murray N. Rothbard?
Murray N. Rothbard photo
Murray N. Rothbard43
American economist of the Austrian School, libertarian poli… 1926–1995

Related quotes

“The problems we see today are going to be a hell of a lot worse in 10 years if we're not willing to face up to them. These kids are just not going to be absorbed into the economy, so what are they going to be doing? Well, we know. They're going to be making life pretty miserable for a lot of people.”

William Julius Wilson (1935) American sociologist

Interview with Mother Jones.

Jeffrey Tucker photo

“The leftist producer may have intended young viewers to prefer the sweaty ethnics on the lower parts of the ship. But the kids evidently did not get the message.”

Jeffrey Tucker (1963) American writer

Source: "Saved by Swing" by Jeff Tucker, The Rothbard-Rockwell Report, August 1998, UNZ.org, 2016-05-22 http://www.unz.org/Pub/RothbardRockwellReport-1998aug-00004,

Ronald H. Coase photo

“The limit to the size of the firm is set where its costs of organizing a transaction become equal to the cost of carrying it out through the market. This determines what the firm buys, produces, and sells. As the concept of transaction costs is not usually used by economists, it is not surprising that an approach which incorporates it will find some difficulty in getting itself accepted. We can best understand this attitude if we consider not the firm but the market.”

Ronald H. Coase (1910–2013) British economist and author

1960s-1980s, "The Firm, the Market, and the Law" (1988)

“The fundamental idea of transaction costs is that they consist of the cost of arranging a contract ex ante and monitoring and enforcing it ex post, as opposed to production costs, which are the costs of executing a contract.”

R. C. O. Matthews (1927–2010) British economist

Source: "The Economics of Institutions and the Sources of Growth." 1986, p. 904; as cited in Eggertsson (1990; 14)

Don Tapscott photo

“Just as the Internet drops transaction and collaboration costs in business and government, it also drops the cost of dissent, of rebellion, and even insurrection.”

Don Tapscott (1947) Canadian businessman

Don Tapscott, in: M.I. Seka Life Lessons of Wisdom & Motivation - Volume III: Insightful, Enlightened and Inspirational quotations and proverbs http://books.google.co.in/books?id=K2DzAgAAQBAJ&pg=PA67, Providential Press, 28 February 2014, p. 67

William Gibson photo

“It's a world where there aren't families. It's the world of a young person going out into the wilderness, cities, and sort of in a way creating a family. You know, it's kind of like… it's not that it's a "goth book," but it's kind of rather the same stuff that makes kids be goths.”

William Gibson (1948) American-Canadian speculative fiction novelist and founder of the cyberpunk subgenre

About Neuromancer
No Maps for These Territories (2000)

Richard Russo photo

“"Harold and I tried to plant new trees, but they won't take because of the roots. You got to dig up the old stumps and they go way down. It cost a lot and the roots go everywhere. Under the streets and the lawns. We got them in our cellar. And you seen the sidewalks." I said I had. "You'd like to plant a tree or two, but where?" "The roots will die eventually," I said, trying to be optimistic, since she really wanted to plant trees. "That's what I said. Harold says no. He says they just petrify there in the ground, making it impossible for anything alive to find root and grab ahold. 'Course Harold is a sourpuss. I think sometimes he just says things like that so he won't have to go out and try. Some people would rather do without trees than dig a little hole."”

Richard Russo book The Risk Pool

Source: The Risk Pool (1986), Chapter 42.

Ronald H. Coase photo

“Transaction costs were used in the one case to show that if they are not included in the analysis, the firm has no purpose, while in the other I showed, as I thought, that if transaction costs were not introduced into the analysis, for the range of problems considered, the law had no purpose.”

Ronald H. Coase The Nature of the Firm

Ronald H. Coase (1988). "The Nature of the Firm: Influence." Journal of Law, Economics, and Organization 4 (No. 1, Spring): 33—47. p. 34; as cited in Eggertsson (1990; xiii)
1960s-1980s

Pierre Bouvier photo

“I think a lot of times in our adult lives, we either block out or straight-up forget about the challenges of being a kid. We know it's all going to work out, but when you're a kid in that moment, it feels like the whole world is coming down on you. I'm going to try to look back and remember that when my kids get in those situations.”

Pierre Bouvier (1979) Canadian musician

Pierre Bouvier of Simple Plan https://www.songfacts.com/blog/interviews/pierre-bouvier-of-simple-plan (February 6, 2020)

Ronald H. Coase photo

“The question always is, will it pay to bring an extra exchange transaction under the organizing authority? At the margin, the costs of organizing within the firm will be equal either to the costs of organizing in another firm or to the costs involved in leaving the transaction to be “organised” by the price mechanism. Business men will be constantly experimenting, controlling more or less, and in this way equilibrium will be maintained. This gives the position of equilibrium for static analysis.”

Ronald H. Coase (1910–2013) British economist and author

Source: 1930s-1950s, "The Nature of the Firm" (1937), p. 404

Related topics