What made Ronald Coase (1920-2013) one of the greatest and most influential economists of the past century? One factor was his persistent focus on understanding real-world institutions at a time when many of his peers were increasingly drawn to abstract theory for its own sake.
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|Other Independent Review articles by John V. C. Nye|
|Summer 2008||From the Corn Laws to Free Trade: Interests, Ideas, and Institutions in Historical Perspective|
|Spring 1997||Democracy and International Trade: Britain, France, and the United States, 1860–1990|