As Hayek noted, civilizations do not arise from political decrees, nor are they the simple product of culture. The costs of transacting exchanges also play an important role.
Vladyslav Manzyuk
Vladyslav Manzyuk (Lindarixon) is a political science student at the University of Warsaw. His work focuses on Austrian economics, dispersed knowledge in social coordination, and the application of information theory to economic processes. His email is: vladyslavmanzyuk@yahoo.com
