Tags » Ronald Coase

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


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


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


A firm with no employees is not a firm

Business demographic statistics in New Zealand include companies with zero employees and calls them a firm.

Source: Statistics New Zealand.

Every definition of a firm that I have seen refers to a firm as a relationship between employers, employees and others. 869 more words

Politics - USA