Friday, January 20, 2023

First cousin marriage bans lead to higher incomes

 The theory is right out of chapter 1: voluntary transactions create wealth because they move goods and services to higher-valued uses.  In a kinship society (no first-cousin marriage bans), there are fewer people with whom to transact, and this means that income is lower.  

HT:  MarginalRevolution.com


No comments:

Post a Comment