"the market and the firm are placed on equal footing" (Williamson 2010)

galloping growth and hunger

this is quite a scandal, if the new york times is right. (by the by, why am I reading about this in the new york times?) is it really that laws prohibit corporations from owning large farms?

if that is right, my own unsubstantiated, knee-jerk view is that this is typical suspicion of the big ugly capitalist enterprise - this is justified to some extent but institution economics will say that different forms of organization are optimal under different conditions, optimal in the sense of producing at lesser cost.

no one wants food to become what it has in the US - mass produced flavour deficient product - but if I am to choose between this and malnutrition of the future of the country, which is the lesser evil is obvious.