Tags » Ronald Coase

Should there be a Nobel in Sociology?

A friend of mine recently shared a piece making the case for creating a Nobel prize for the social sciences that I found interesting: see here… 521 more words


HW Assignment, due October 6, 2015

Please turn in, by email, answers to the following questions in Pointers No. 8:

Ch. 12: Nos. 1, 2, 4, 5, and 6.

Ch. 14 on Austrian economics. 16 more words

Economic Thought

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


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


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


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

– Ronald Coase


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