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Considers the social and economic arrangements that would be necessary for rational mechanisms of exchange and distribution to emerge, function, and remain viable if extreme conditions produced an absence or the severe destruction of an institutional infrastructure and resource endowments.
Persistent link: https://www.econbiz.de/10011422914
This report identifies constraints and opportunities for the restoration of economic exchange after nuclear war. Four survival scenarios are postulated based on high or low levels of damage to (1) institutions that signal trading opportunities, reduce transaction costs, and regulate and enforce...
Persistent link: https://www.econbiz.de/10011427549