Author: Ronald Coase

Quotes

You get more irrationality within the family and in consumer behavior than you get, say, in the behavior of firms in their purchases.

You get more irrationality within the family and in consumer behavior than you get, say, in the behavior of firms in their purchases.

- Ronald Coase

I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive transaction costs.

I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive transaction costs.

- Ronald Coase

In my long life, I have known some great economists, but I have never counted myself among their number nor walked in their company.

In my long life, I have known some great economists, but I have never counted myself among their number nor walked in their company.

- Ronald Coase

Technology is at a point where we should allow multiple parties to occupy the same spectral space.

Technology is at a point where we should allow multiple parties to occupy the same spectral space.

- Ronald Coase

Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are commonly disposed of by auction.

Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are commonly disposed of by auction.

- Ronald Coase

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