Keynote Address
نویسنده
چکیده
The World Health Organization estimates that malaria annually causes hundreds of millions of illnesses, and more than half a million deaths. Surely these transaction costs of mosquito bites vastly exceed the value of the blood actually taken. In payment instruments, of course, a major goal is to reduce transaction costs, and intuitively cutting those costs seems especially urgent when they are large relative to the transfer made. Transaction costs include time, and for small payments the time cost can dwarf the payment, as at some toll booths, or small cash register transactions with a long line.
منابع مشابه
1 Keynote address by Nobel Laureate Phillip A. Sharp the 21st century opened with a revolution in RNA biology.
1 Keynote address by Nobel Laureate Phillip A. Sharp the 21st century opened with a revolution in RNA biology
متن کامل2 Entangled Political Economy : A Keynote Address
This essay is a keynote address prepared for a conference on “Entangled Political Economy” sponsored by the Wirth Institute. In keeping with the conventions of such an address, I look both backward and forward while placing more emphasis on looking forward. In looking backward, I compare and contrast two orientations toward political economy: additive and entangled. In looking forward, I explor...
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