Econ 479

The Art of Writing, the Science of Economics

Ronald Coase’s overlooked work

Late in life, he would be reduced to gently complaining that people focussed on a few pages of his original 1960 paper—the bit dealing with an idealized world of effortless bargaining and zero “transactions costs”—and ignored the rest.

The eminent economist died last week at the age of 102. See here for a provocative piece by the always readable John Cassidy at The New Yorker.


Written by gregorymcnamee

September 9, 2013 at 8:26 pm

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