{"id":52,"date":"2003-08-01T18:25:47","date_gmt":"2003-08-01T23:25:47","guid":{"rendered":"https:\/\/rojisan.com\/blog\/2003\/08\/increasing-transaction-costs\/"},"modified":"2003-08-01T18:25:47","modified_gmt":"2003-08-01T23:25:47","slug":"increasing-transaction-costs","status":"publish","type":"post","link":"https:\/\/rojisan.com\/blog\/2003\/08\/increasing-transaction-costs\/","title":{"rendered":"increasing transaction costs"},"content":{"rendered":"<blockquote><p>as social capital declines,  transaction costs increase<\/p><\/blockquote>\n<p>sounds about right to me.  opens up the trust network can of worms,  but, if you don&#8217;t trust the person with whom you&#8217;re transacting business, then someone&#8217;s gotta pay for that homework (or due dilligence, depending on your business linguistics framework).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>as social capital declines, transaction costs increase sounds about right to me. opens up the trust network can of worms, but, if you don&#8217;t trust the person with whom you&#8217;re transacting business, then someone&#8217;s gotta pay for that homework (or due dilligence, depending on your business linguistics framework).<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/posts\/52"}],"collection":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/comments?post=52"}],"version-history":[{"count":0,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/posts\/52\/revisions"}],"wp:attachment":[{"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/media?parent=52"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/categories?post=52"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rojisan.com\/blog\/wp-json\/wp\/v2\/tags?post=52"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}