Ronald Coase Quotes
Top 17 wise famous quotes and sayings by Ronald Coase
Ronald Coase Famous Quotes & Sayings
Discover top inspirational quotes from Ronald Coase on Wise Famous Quotes.
Changes like the telephone and telegraphy, which tend to reduce the cost of organizing spatially, will tend to increase the size of the firm.
In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.
Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.
I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive transaction costs.
In my long life, I have known some great economists, but I have never counted myself among their number nor walked in their company.
What I have done is to show the importance for the working of the economic system of what may be termed the institutional structure of production.
You get more irrationality within the family and in consumer behavior than you get, say, in the behavior of firms in their purchases.