Ronald H. Coase was an influential economist whose work fundamentally shaped the fields of transaction cost economics and law and economics. His seminal papers introduced concepts now known as the Coase Theorem, exploring the nature of the firm and social costs. His analyses illuminated the intricate relationships between firms, markets, and regulations. Coase's legacy lies in his insightful approach to understanding the workings of economies and institutions.
This text reflects on some of the most fundamental concerns of economists since the 18th century. In 15 essays, the author evaluates the contributions of a number of figures, including Adam Smith, and George Stigler, as well as economists at the London School of Economics in the 1930s.
A collection of essays on economics which focus on the practical implications of theory.