Tags » Coase

"Google's Philosopher"

That is the title of this intriguing essay by Robert Herritt in the Pacific Standard — our favorite e-mag, by the way — summarizing the “philosophy of information” as well as the original work of  509 more words


A Coasean Solution to the Scarlet Devil Incident

In Embodiment of Scarlet Devil everyone’s favorite vampire, Remilia Scarlet, covers the land of Gensokyo with a thick fog that blocks out the sun. Does Remilia do this out of a desire to harm the residents of Gensokyo? 486 more words

Blog Posts

Economists Criticizing Economics

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


Ronald Coase on applied welfare economics versus comparative institutional analysis

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.

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Applied Welfare Economics

Coase's Conception of Production Factor Costs (and the Coasean Challenge)

Here I want to lay out Coase’s conception of production factor costs as articulated in The Problem of Social Cost.  Coase’s conception of production factor costs has very significant implications for what might be called the “Coasean Challenge”–a challenge which in… 1,977 more words


Beijing's War Against Outdoor Cooking

The juicy and delicious news from Beijing is about to go into effect. Beijing’s barbecue ban will light up on May 1st. Beijing, long known for its high level of air pollution, instituted the ordinance in and effort to mitigate smog. 842 more words

What Are the Lessons of the Badger Culls for Regulatory Theory?

Prof David Campbell

Even those, like myself, who in principle support the culling of wild animals in support of improving the welfare of livestock will be, as I have been, reduced to despair by the DEFRA Independent Expert Panel’s evaluation of the pilot badger culls in parts of Gloucestershire and Somerset which was published last month. 1,942 more words