Every transaction in commerce is an independent transaction.
--
Chapter VII, On Foreign Trade, p. 85David Ricardo
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In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to reduce transaction costs so that individuals can negotiate freely and we can take advantage of that diffused knowledge of which Friedrich Hayek has told us.
Friedrich Hayek
[In order to define the distinction between a grant and an exchange transaction, Boulding has used the net worth criterion] If there is no decrease in the net worth of either party, the transaction is exchange; if there is, it contains some grant element and is an explicit or implicit grant.
Kenneth Boulding
Saving faith is confidence in Jesus; a direct, confidential transaction with Him.
Richard (minister) Fuller
Harold, the young kids out there are not going to be willing to go to the barricades in defense of lowered transaction costs.
Murray Rothbard
Some cynical Frenchman has said that there are two parties to a love-transaction: the one who loves and the other who condescends to be so treated.
William Makepeace Thackeray
Ricardo, David
Rice-Davies, Mandy
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