Tags » Ronald Coase

Fascinating case of failed Coasian bargaining

How much would you pay in order not to listen to loud street music while working in your office?

The Washington Post (our new hometown paper) has… 236 more words

Africa

Economists Misunderstand What They Teach

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

Economics

Introducing Transaction Costs

What’s interesting about Ronald Coase’s famous article, The Problem of Social Cost, is that only about the first fifteen pages go over the Coase Theorem… 946 more words

Economics

If you torture the data long enough, it will confess to anything.

– Ronald Coase

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Ronald Coase and the Coase Theorem

The Coase Theorem is an odd relic in the field of economics. When I first saw it in my intro-to-micro class, I thought it was a bit silly. 881 more words

Economics

McCloskey's Representative Foe: The New Institutional Economics

I like to joke that Sweet Talk’s business model is to invite people to write here as though it were a big honor, and then guilt them until they take us up on it. 1,605 more words

Economics

Leftist "Equality" is Little More Than a Blatant Power Grab

In my opinion, too many people make the mistake of presuming that those on the left argue in good faith. While many conservatives and right leaning white people strongly disagree with liberals, they nevertheless presume that they actually believe in the equality they espouse. 1,099 more words

Cultural Marxism