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Don Boudreaux on Coase

EconTalk

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The Nature of the Firm and the Problem of Social Cost

The two most important are the nature of the firm, which was published in 19 37 in economic and the problem of social cost. But hoping we'll have time at the end to give significant time for the marginal cost controversy,. The paper grew out of a trip cose had made with a fellow student, i believe, to the united states. And it dawned on him that the way economists talk about the firm is a black box.

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