Samuel Bowles Quote

The point is that coordination can be achieved by either of two means: (1) with no one dictating anyone else's precise behavior, but everyone observing a set of rules, or (2) with someone (or perhaps more than one) directing the behavior of others. We refer to the first of the two means as coordination by rules and the second as coordination by command.


p. 202 - Understanding Capitalism: Competition, Command, and Change, 2005

Picture Quote 1

The point is that coordination can be achieved by either of two means: (1) with no one dictating anyone else's precise behavior, but everyone...

Picture Quote 2

The point is that coordination can be achieved by either of two means: (1) with no one dictating anyone else's precise behavior, but everyone...

Picture Quote 3

The point is that coordination can be achieved by either of two means: (1) with no one dictating anyone else's precise behavior, but everyone...

Picture Quote 4

The point is that coordination can be achieved by either of two means: (1) with no one dictating anyone else's precise behavior, but everyone...