The Firm, the Market, and the Law

Few other economists have been read and cited as much as R.H. Coase, a scholar who approached economics as a philosopher: with contemplation, careful scrutiny of real conditions and consideration of the practical implications of theory.

"These essays bear rereading. Coase's careful attention to actual institutions not only offers deep insight into economics but also provides the best argument for Coase's methodological position. The clarity of the exposition and the elegance of the style also make them a pleasure to read and a model worthy of emulation."--Lewis A. Kornhauser, Journal of Economic Literature more

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From: Amazon
Posted: Apr-07-2008

New Institutional Economics

The essays in this book are the foundation for New Institutional Economics. Coase arrived at a simple explanation for institutions: transaction costs. In 1937 Coase argued that organizations exist because of high transaction costs, or what he referred to as market costs. This 1937 article became...

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Posted: Mar-05-2008

The Brilliance of Ronald Coase...

Ronald Coase is a fantastic economist. He writes with great lucidity and a confidence which suggests to the reader that his arguments "fall into the category of truths which can be deemed self-evident" (page 1). Coase's principal aim in these essays is to correct what he believes to be the...

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From: Amazon
Posted: Aug-30-2006

Comentario del prof. Gonz?lez V?zquez

Se trata de un libro cl?sico, imprescindible en un primer acercamiento a la perspectiva del an?lisis econ?mico del derecho de sociedades.

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Posted: Jul-24-2006

Fifty years of Coase

A wonderful enrichment of Coase's seminal "The Nature of the Firm" with essays by Coase himself that explicate clearer the background that lead to his development of that theory as well as his reflections fifty years later that add significant breadth to half of the issues missed in this original...

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Posted: Aug-14-2005

Coase is certainly worthy of his Nobel

This book is a reprint of several of Coase's previous works together with an introduction that links them. This line of thinking is very productive for framing solutions to various problems, economic, social, political, and legal. Well worth reading.

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From: Amazon
Posted: May-30-2005

Brilliant But No Longer Revolutionary

Two of the essays in this short book -- "The Nature of the Firm" and "The Problem of Social Cost" -- are classic pieces of economic analysis. Together they practically created the field of law and economics. Unfortunately, the central ideas (for which Coase won the Nobel prize) have been so...

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Posted: Jan-06-2004

Lucid essays on transaction costs and social welfare

This little book is a fantastic introduction to some of the powerful ideas introduced by Coase. Coase initiated two different ideas that today govern or inform much of the work of economists. The first was his introduction of the idea of "transaction costs", from an article suggesting an...

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From: Amazon
Posted: Feb-12-2003

Brilliant insight

Ronald Coase, though not an economist, in this book develops the rationale for the existence of firms (the reduction of transactions costs), an insight that has revolutionized the field of microeconomics since its publication (the original essay was published in the 1930s). He also touches on...

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From: Amazon
Posted: Jul-18-2001

Some of the most important ideas in economics

This collection of seven of economist Ronald Coase's essays provides important understanding of the workings of market economies, the boundary between private and public, and what determines the size and structure of a firm. Coase distinguished his work from other economists by focusing on the...

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From: Amazon
Posted: Jul-10-2001

The Authoritative Book on Transaction Cost Economics

(This review was posted earlier, but somehow my names was removed from it. Please put it back or allow this re-post of the review. Thanks!)This book consists of Nobel Prize winner Ronald Coases classic articles where the 1937 "Nature of the Firm" and The 1960 "The Problem of Social Cost" stands...

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