posted by Dan on .
I have to discuss the growth of modern technology's impact on transaction costs. What points do you think I should discuss?
If I were writing such an essay, I would first discuss the multitude of ways that technology has lowered transaction costs. I would discuss improvements in speed and reliability. Then I would try to work in something about
Types of labor (jobs) being phased out.
Types of labor (jobs) being phased in.
Effects on national and international competitiveness
Problems introduced by new ways of doing things.