How do you trade off your own interests against the interests of others? And what role do transaction costs play? A discussion of our "interest" in the welfare of others, and the complexity that adds to economic indifference curves.
Things take an interesting turn, going toward how transaction costs can shape our institutions and preferences, ranging from a marine fishery to a bowl of M&M's.
And TWEJ. Always, TWEJ.
Some Resources:
Gary Lynne, on Dual Interest Theory: https://journals.sagepub.com/doi/abs/10.1177/02601079231172366?journalCode=jiea
Neo(Classical) and Rama-Kandra, on caring about others:
https://www.imdb.com/title/tt0242653/characters/nm0924502
On Coase, Olson, and the Problem of Encompassing Institutions:
On Brown M&Ms:
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