A popular theorem within economics comes from Ronald Coase, an economist who won the Nobel for his analysis of the firm and revitalization of institutional analysis. 847 more words
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Unlearning Economics has put together a collection of brief quotations of famous economists attacking their own subject matter. I’m only going to share a few of them, but I thought I’d take this opportunity to address two of the most common responses I get when I offer up critiques of neoclassical economic theory. 354 more words
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All solutions have costs, and there is no reason to suppose that governmental regulation is called for simply because the problem is not well handled by the market or the firm.