Ronald Coase: An Appreciation
By John V. C. Nye
This article appeared in the Summer 2014 issue of The Independent Review


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.

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

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