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THE LEGACY OF RONALD COASE IN ECONOMIC ANALYSIS

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THE LEGACY OF RONALD COASE IN ECONOMIC ANALYSIS

9781858980102 Edward Elgar Publishing
Edited by Steven G. Medema, Research Professor of Economics, Duke University, US
Publication Date: 1995 ISBN: 978 1 85898 010 2 Extent: 1,088 pp
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.

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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.
Critical Acclaim
‘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
Contributors
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
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