a mini-miracle

at its core ....

 

there is a staggering amount of cooperation

Commerce

is a beautiful thing

 .. legal dimmension

.. a personal dimmension

when distilled down 
it is a transaction between strangers

It has:

 .. we assume parties enter into transaction voluntarily and are mutually beneficial.

 You may not want to see a lawyer..

But at least get to choose one.

GAME THEORY

society, culture, the law allows for protected transaction

By creating a liquid open market individual parties benefit by access to Pareto-optimial solutions.

X

Y

I have X .. you are willing to take Y

That X better have universal appeal.

or you will be haggling quite often.

the utility of money is the utility of the things it can by when its needed.

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