The battle between capital and labour
This was the insight of the Nobel prizewinning economist Ronald Coase, and he used it to explain why humanity is not the only form of intelligent life in our economic universe. If economic exchange were intermediated exclusively via markets, all ...
How the Future of Work May Make Many of Us Happier
The drivers of this economy are technological forces that are standing Ronald Coase on his head. We used to need firms -- vertical, centralized, collective entities -- because of the transaction costs of trying to get business, pay benefits, provide ...
Henry Manne: He Was Law & Economics
... was the Balzac or Trollope of the movement, famous for non-stop pounding on his typewriter, but one who more than anything worked out the implications of the brilliant ideas of those who went before him, Henry Manne and Nobel laureate Ronald Coase.
One of the giants
In September of 2014, Ronald Harry Coase died. I had read a number of books and articles quoting and referring to him while at the school - all about the application of economics in companies, but I never realized his major contribution to ...