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Are there limits to Coase’s joint-cost theory of harm? Is it appropriate to say that laws...

Are there limits to Coase’s joint-cost theory of harm? Is it appropriate to say that laws prohibiting murder “harm” those who would like to commit murders? Can you imagine a circumstance in which the social costs of prohibiting murder might exceed the social costs of not prohibiting murder?

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Answer #1

The Theoey is about bad man. Bad man is not bad in bad sense. It's about rationality of human being.

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