Sunday, January 20, 2008

Transaction and Transportation

Tehran Metro (2005)
Originally uploaded by M.Mortazavi
Social stability comes about when society organizes itself to reduce all kinds of transaction costs.

In modern, large cities, transportation cost contributes, perhaps more than many other specific costs, to transaction costs.

Many transactions require people to be brought together or brought to specific locations.

Looking, Buying, Selling

Tehran Bazar (2005)
Originally uploaded by M.Mortazavi
Some look.

But Some will always buy.

And that will be enough.


Friday Bazar, Tehran (2005)
Originally uploaded by M.Mortazavi
He sells watches and waits.

The customer looks, and he looks at the customer, and wonders:

He is a real one, likely to buy, likely to make a choice.

He sells watches when he is free, and then goes back to one of his three or four other jobs.