Editing Talk:DAO (section)

=Squishiness=
When discussing things like<br>
"The second major reason openness is ideal is that it serves the social good. It is a matter of basic justice that all people in a society are given equal opportunity to participate in all of its institutions. People prefer not to participate in a group that does not serve their values, especially one that limits their opportunities to gain power in the group. More importantly, they should not be forced to participate."<br>
it is difficult to keep an objective, universally inclusive tone. The value judgements that inform the group need to be clear in order to be able to be explicit about what we intend.<br>
Others can be more abstract and objective if they want to perform an autopsy on the project later, but I think we should be unapologetically plain and obvious about our feelings in this wiki. [[User:Craig Calcaterra|Craig Calcaterra]] ([[User talk:Craig Calcaterra|talk]]) 05:54, 27 February 2023 (CST)

== Economics Issues ==
Many economic issues, such as the Theory of the Firm and Coase's Theorem on Allocations, require reconsideration in the context of DAOs. Transaction costs are dropped, so internal and external become less meaningful.
===Coase Theorem===
The [https://en.wikipedia.org/wiki/Coase_theorem Coase Theorem] illustrates how the Pareto optimal outcome for economic allocations of properties is obstructed by transaction costs given an arbitrarily chosen initial allocation. Automated smart contracts on open decentralized platforms give the possibility of making transaction costs much lower on a global scale of trade, which means property allocations become much closer to optimal as the system runs.
[[User:Craig Calcaterra|Craig Calcaterra]] ([[User talk:Craig Calcaterra|talk]]) 22:40, 9 April 2023 (CDT)
===The theory of the firm===
The [https://en.wikipedia.org/wiki/Theory_of_the_firm Theory of the firm] ...