Titlebook: Coasean Economics Law and Economics and the New Institutional Economics; Steven G. Medema Book 1998 Springer Science+Business Media New Yo

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The Good Old Coase Theorem and the Good Old Chicago School: A Comment on Zerbe and Medema, and economics as it has developed in, say, Richard Posner’s work and as it has been absorbed into the mainstream of economics is not the same thing as what might be called a “Coasean” approach. Coase and Posner, though often treated as identical, represent different views on how to conduct economic

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The Problem of Social Coase: Between Regulation and Free Market in Economic Methodology,odological thought is beginning to be explored (see Medema 1994, M?ki 1994a, 1994b, 1994c, and Foss 1994), but much more needs to be done. The present paper attempts to contribute to this literature by showing that there is an interesting tension in Coase’s methodological thought about the nature of

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harrow

Grid Generation of Screw Machine Geometry,perhaps the most important development in legal thought in the last quarter century” (Posner, 1986, p. xix), is dramatic. That the one foundered while the other flourished is explained in large measure by the absence of an intellectual framework for Legal Realism and the use by law and economics of the powerful framework of neoclassical economics.

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Recent Economic Thoughthttp://image.papertrans.cn/c/image/228718.jpg

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https://doi.org/10.1007/b137216le used.” The landscape of economic thought changed significantly in the years that followed, and a large body of literature quickly emerged that not only “used” but in many ways sprang from Coase’s paper. The basic insight is now well known. In addition to production costs of the usual sort, one mu

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Examples of Modern Screw Compressor Designs, Frank Knight (1921) and Ronald Coase (1937). It concerns the definition and historical specificity of the firm itself. Most writers in this area seem to assume that “the firm” is essentially . organization devoted to the production of goods or services. With such a broad and general definition of t

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https://doi.org/10.1007/978-3-540-36304-0nd most basic, is what is a firm, or more precisely, what are the properties that distinguish organization within a firm from market exchange? The second concerns the determinants of firm size or “Why,” in Coase’s words, “does the entrepreneur not organize one less transaction or one more?” (1937 [1

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Ahmed Kovacevic,Nikola Stosic,Ian Smith uncomprehending world. Naturally, the parent, even one who refers to its little one as an “argument,” is not primarily to blame: “I do not believe that a failure of exposition is the main reason why economists have found my argument so difficult to assimilate” (Coase, 1988, p. 1). Perhaps the fault

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