Tags » Ronald Coase

On Ronald Coase as an Economic Historian?

Can we consider Ronald Coase as an economic historian? Most economists or social scientists that read this blog must appreciate Coase largely for his Nature of the Firm  508 more words


December 29 in history

1170  Thomas Becket,  Archbishop of Canterbury, was assassinated inside Canterbury Cathedral by followers of King Henry II; he subsequently becomes a saint and martyr in the Anglican Church and the Roman Catholic Church. 525 more words


Efficient outrage

Matt Damon put yet another foot in his already quite full mouth this week. In an interview with ABC, he was invited to discuss the reckoning of sexual harassment and assault in his and other industries. 1,100 more words

Economics in disarray

Economics has problems. Because of Samuelson, it got a half-century case of physics envy. Then people read Schumpeter and McCloskey, and realized economics can’t predict a whit. 213 more words

Economic Thought

Virtual currencies and their institutions

Or why Bitcoin and its variants are risky assets.

It’s fair to say that virtual currencies need block chain. Block chain is an essential or necessary innovation behind such currencies. 216 more words

Economic Thought

Silicon Valley’s favourite economist, Ronald Coase. Back in 1937, a young Coase wrote “The Nature of the Firm”, calling attention to something strange:

while corporations competed within a competitive marketplace, corporations themselves were not markets.

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Ronald Coase

If you torture data long enough, it will confess.

– Ronald Coase