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Volume 19  Number 2  •  Fall 2014
All Issues:  

Ronald Coase, Anomalous Superstar of the Economics Profession
By Robert Higgs
This article appeared in the Fall 2014 issue of The Independent Review

No Nobel laureate economist conducted his analysis less formally or wrote more accessibly than the late Ronald Coase (1910–2013). Yet his approach and insights were so fruitful that they continue to inspire empirical research that illuminates the operation of real markets in cases were mainstream economists have alleged the prevalence of market failure.

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