Ronald Coase (1960) – The Problem of Social Cost [pdf] (law.uchicago.edu) 4 points by mobileturdfctry 11mo ago ↗ HN
[–] mobileturdfctry 11mo ago ↗ https://www.law.uchicago.edu/lawecon/coaseinmemoriam/problem...> What has become known since as the "Coasean World,"--where rational actors transact freely without need for institutions, firms, or even law—"is really the world of modern economic theory, one which I was hoping to persuade economists to leave."
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[ 3.2 ms ] story [ 18.9 ms ] thread> What has become known since as the "Coasean World,"--where rational actors transact freely without need for institutions, firms, or even law—"is really the world of modern economic theory, one which I was hoping to persuade economists to leave."