No Nobel laureate economist conducted his analysis less formally or wrote more accessibly than the late Ronald Coase (19102013). 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.
|Other Independent Review articles by Robert Higgs
|Pressure-Release Valves in Participatory Fascism
|Two Worlds: Politics and Everything Else
|Against the Whole Concept and Construction of the Balance of International Payments
|[View All (62)]