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THE LEGACY OF RONALD COASE IN ECONOMIC ANALYSIS

Edited by Steven G. Medema, Research Professor of Economics, Duke University, US
Ronald Coase, the 1991 Nobel laureate in Economics, has had a profound impact on the way that economists and others view both the firm and the relationship between the legal and economic systems.
This authoritative collection brings together the diverse body of literature that reflects Ronald Coase’s influence on economic analysis from his early work on the theory of the firm and transaction costs to Coase’s theorem and the development of the field of law and economics.
Two volume set
Extent: 1,088 pp
Hardback Price: $567.00 Web: $510.30
Publication Date: 1995
ISBN: 978 1 85898 010 2
Availability: In Stock
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  • Economics and Finance
  • Economic History
  • History of Economic Thought
  • Public Choice Theory
  • Politics and Public Policy
  • Public Choice
Ronald Coase, the 1991 Nobel laureate in Economics, has had a profound impact on the way that economists and others view both the firm and the relationship between the legal and economic systems.

This authoritative collection brings together the diverse body of literature that reflects Ronald Coase’s influence on economic analysis from his early work on the theory of the firm and transaction costs to Coase’s theorem and the development of the field of law and economics.

The Legacy of Ronald Coase in Economic Analysis features the two seminal articles by Coase which have changed the way economists think about their subject –‘The Nature of the Firm’ and ‘The Problem of Social Cost’ – along with a group of the most important articles that have extended and built upon his work. These include contributions by James M. Buchanan, Benjamin Klein, Douglass C. North, Richard A. Posner and Oliver E. Williamson, as well as a specially-prepared, introduction to Coase’s work and a comprehensive bibliography of Coase’s writings.
‘Steven Medema has done an excellent job in composing the first publication in the new series Intellectual Legacies in Modern Economics.’
– Mathias Erlei, Journal of Institutional and Theoretical Economics

‘. . . this is a stimulating collection of articles, both theoretical and empirically based, which reflects well on Coase’s influence in a wide range of areas. This two-volume set achieves its objectives and does justice to Coase’s contribution to both law and economics.’
– Peter Baker, Review of Political Economy

‘The collection ought to be of particular interest to microeconomists with an interest in the development of economic thought.’
– John Kemp, The Manchester School
40 articles, dating from 1937 to 1991
Contributors include: S.N.S. Cheung, R.H. Coase, P.L. Joskow, B. Klein, D.C. North, R.A. Posner, O.E. Williamson