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> Committees and commissars do not do a better job.

Then why is internal governance and resource allocation inside companies done by committees and commissars and dictators, instead of by an unplanned free market?



That’s actually a really good question. I would direct you to Ronald Coase and other writing on the theory of the firm.

https://en.m.wikipedia.org/wiki/The_Nature_of_the_Firm

https://en.m.wikipedia.org/wiki/Theory_of_the_firm




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