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Mentioned in 1 episodes
The Firm, the Market, and the Law
Book • 1988
This book compiles some of Coase's most influential essays, including 'The Nature of the Firm' (1937) and 'The Problem of Social Cost' (1960).
Coase's work challenges traditional economic theories by introducing the concept of transaction costs and their impact on the structure and functioning of the economy.
He argues that firms emerge to internalize production and reduce transaction costs associated with market transactions.
The essays also delve into the Coase theorem, which discusses how the allocation of property rights affects economic efficiency in the presence of transaction costs.
Coase's analyses blend economic and legal perspectives, providing a comprehensive view of how markets, firms, and legal systems interact.
Coase's work challenges traditional economic theories by introducing the concept of transaction costs and their impact on the structure and functioning of the economy.
He argues that firms emerge to internalize production and reduce transaction costs associated with market transactions.
The essays also delve into the Coase theorem, which discusses how the allocation of property rights affects economic efficiency in the presence of transaction costs.
Coase's analyses blend economic and legal perspectives, providing a comprehensive view of how markets, firms, and legal systems interact.
Mentioned by
Mentioned in 1 episodes
Mentioned by 
Russ Roberts in relation to his theory of the firm and its connection to the calculation debate.
Russ Roberts in relation to his theory of the firm and its connection to the calculation debate.
31 snips
Who Won the Socialist Calculation Debate (with Peter Boettke)
