Ronald Coase and Business Understanding (Part I: Why Are There Firms?)
[Editor note: Ronald Coase died last week at age 102 (obits here and here). One of the most important economists of the last century, Coase substituted real-world economics for 'blackboard economics'...
View ArticleRonald Coase (Part II: Firms vs. Socialism)
[Editor note: The efficacy of decentralized markets relative to government planning is a staple of modern social-science thought. This two-part series (see yesterday) concludes by comparing and...
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