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[PABLO: How do you like Casa Peter?]
[STUDENT: Methodological individualism is my starting point, that is the methodological doctrine of starting any social analysis with the individual. I think it is a fruitful strategy to start with the explanation of individual action and penetrate to the social phenomena to show that they are...
[STUDENT: I thoroughly agree. And here is a set of thoughts. A state exists because it provides individuals with solutions to the twin problems of trust and protection from aggression by individuals of the same society and those of different societies. A state emerges once a society grows bigger...
[STUDENT: But before coming to the relationship between institutions, markets and economic performance let me ask you something that has always puzzled me.]
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