The Importance of Coses's 1937 Article

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The importance of cos's 19 37 article really took off in 19 51, i believe. When it was reprinted in the a e a readings on price theory that was edited by george stiglerand kenneth bolding a. And when that famous reader came aut that when we really see an explosion of work done on the theory of the firm. This is a straight in insight a the a. Just a quick footnote. In this new mathematics, it ays thi s this. It's probably owned by a separate individual or a separate company. It's an innovation, but that ructure. I think it was not a the article was not given the attention that it

Don Boudreaux of George Mason University and Cafe Hayek talks with EconTalk host Russ Roberts about the intellectual legacy of Ronald Coase. The conversation centers on Coase's four most important academic articles. Most of the discussion is on two of those articles, "The Nature of the Firm," which continues to influence how economists think of firms and transaction costs, and "The Problem of Social Cost," Coase's pathbreaking work on externalities.