Tuesday, September 10, 2013

R. H. Coase (1910-2013)

His University of Chicago Law School faculty page notes his two best known published works (to which I've added links).
"Ronald H. Coase’s 1937 paper 'The Nature of the Firm' was to establish the field of transaction cost economics. 'The Problem of Social Cost,' published in 1961, sets out what is now known as the Coase Theorem and a new field in economic research, 'law and economics.'"