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The Elgar Companion to Ronald H. Coase
Ronald H. Coase, one of the most innovative and provocative economists of the twentieth century, has had a lasting influence in economics, law and economics, organization theory, management and political science. In this comprehensive Companion, 31 leading economists, social scientists and legal scholars, including two Nobel Laureates, offer the first global assessment of the initial impact of Coase’s work and the continuing inspiration that researchers and policy makers find in his contributions. The book presents a review of the continuing power of Coase’s work, including the reshaping of public policies with particular respect to public utilities and network industries. Further chapte...
Ronald H. Coase
'Ronald Coase has been one of the most influential economists of his generation. Although his work deals with foundation concepts of the discipline, his ideas have been subject to a variety of usage, often in conjunction with ideological baggage. In this remarkable study of the man and his work, Steven Medema presents a careful, judicious, and nonideological examination of Coase's ideas, challenging their misleading common interpretation and revealing their true revolutionary potential. 'Professor W. J. Samuels, Michigan State University 'Steven Medema's achievement is remarkable: with great fairness he introduces us to Coase's way of thinking, and with great clarity helps us to see the cont...
The Ideas of Ronald H. Coase
This book is the first work dedicated to the key ideas of Nobel Laureate Ronald Coase on pollution and public goods with sustainable development in mind from the perspective of an economist-town planner. The seminal contributions of Ronald Coase, foretold in the form of the Coase Theorem by another Nobel laureate, George Stigler, have been much analyzed and often misinterpreted by friends and foes alike. In this book, Lawrence Lai attempts to revisit Coase's seminal works and bring to the fore their importance in economic and urban planning policy analysis. Coase's comparative institutional approach offers an important vehicle for the analysis of pressing social issues such as sustainable development, and all those interested in the creation of new platforms for performing policy analysis will welcome this important work.
The Nature of the Firm
This volume features a series of essays which arose from a conference on economics, addressing the question: what is the nature of the firm in economic analysis? This paperback edition includes the Nobel Lecture of R.N. Case.
Essays on Economics and Economists
How do economists tackle the problems of the economic system and give advice on public policy? Nobel laureate R.H. Coase reflects on some of the most fundamental concerns of economists over the past two centuries. In 15 essays, Coase explore the history and philosophy of economics and evaluates the contributions of a number of outstanding figures.
The Firm, the Market, and the Law
Few other economists have been read and cited as often as R.H. Coase has been, even though, as he admits, "most economists have a different way of looking at economic problems and do not share my conception of the nature of our subject." Coase's particular interest has been that part of economic theory that deals with firms, industries, and markets—what is known as price theory or microeconomics. He has always urged his fellow economists to examine the foundations on which their theory exists, and this volume collects some of his classic articles probing those very foundations. "The Nature of the Firm" (1937) introduced the then-revolutionary concept of transaction costs into economic theo...
How China Became Capitalist
How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeki...
Coasean Economics Law and Economics and the New Institutional Economics
Upon hearing that Ronald Coase had been awarded the Nobel Prize, a fellow economist's first response was to ask with whom Coase had shared the Prize. Whether this response was idiosyncratic or not, I do not know; I expect not. Part of this type of reaction can no doubt be explained by the fact that Coase has often been characterized as an economist who wrote only two significant or influential papers: "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). And by typical professional standards of "significant" and "influential" (i. e. , widely read and cited), this perception embodies a great deal of truth, even subsequent to Coase's receipt of the Prize. This is not to say ...
The Canon of American Legal Thought
This anthology presents, for the first time, full texts of the twenty most important works of American legal thought since 1890. Drawing on a course the editors teach at Harvard Law School, the book traces the rise and evolution of a distinctly American form of legal reasoning. These are the articles that have made these authors--from Oliver Wendell Holmes, Jr., to Ronald Coase, from Ronald Dworkin to Catherine MacKinnon--among the most recognized names in American legal history. These authors proposed answers to the classic question: "What does it mean to think like a lawyer--an American lawyer?" Their answers differed, but taken together they form a powerful brief for the existence of a di...
