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Ronald Coase
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It may look like a crisis, but it's only the end of an illusion.
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last edited
by BillSeitz
on
Aug 15, 2008 10:11 pm |
economist, known for his Theory Of The Firm and other things
Coase is best known for two articles in particular: "The nature of the firm" (1937), which introduces the concept of transaction costs to explain the size of firms, and "The problem of social cost" (1960), which suggests that well defined Property Rights could overcome the problems of [Extern Ality]-s. (These are dates of first publication.) http://www.wikipedia.org/wiki/Ronald_Coase
http://coase.org/
Bill Seitz, fluxent at gmail dot com, Weblog