6 thoughts on “Happy 100th Birthday to Ronald Coase”

  1. The proof of Coase’s brilliance is that one can express his key insights simply, concisely and understandably (after all, even lawyers can understand Coase). This clarity and simplicity of exposition have given rise to tremendously productive research on the nature of market and firm behavior.

  2. Another amazing thing about Coase is how prescient he was. The Nature of the Firm accurately anticipated the impact of information technology, based on basic economic principles, decades before the technology was even dreamed of.

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