Why Is Ronald Coase Influential? (Suggest an Edit or Addition)
According to Wikipedia , Ronald Harry Coase was a British economist and author. Coase received a bachelor of commerce degree and a PhD from the London School of Economics, where he was a member of the faculty until 1951. He was the Clifton R. Musser Professor of Economics at the University of Chicago Law School, where he arrived in 1964 and remained for the rest of his life. He received the Nobel Memorial Prize in Economic Sciences in 1991. Coase believed economists should study real-world wealth creation, in the manner of Adam Smith, stating, "It is suicidal for the field to slide into a hard science of choice, ignoring the influences of society, history, culture, and politics on the working of the economy." He believed economic study should reduce emphasis on Price Theory or theoretical markets and instead focus on real markets. He established the case for the corporation as a means to pay the costs of operating a marketplace. Coase is best known for two articles: "The Nature of the Firm" , which introduces the concept of transaction costs to explain the nature and limits of firms; and "The Problem of Social Cost" , which suggests that well-defined property rights could overcome the problems of externalities if it were not for transaction costs . Additionally, Coase's transaction costs approach is currently influential in modern organizational economics, where it was reintroduced by Oliver E. Williamson.
(See a Problem?) Ronald Coase's Published Works
Number of citations in a given year to any of this author's works
Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author
1940 1950 1960 1970 1980 1990 2000 2010 2020 0 1250 2500 3750 5000 6250 7500 8750 10000 11250 12500 13750 15000 16250 Published Papers The Nature of the Firm (1937) (15730)The Problem of Social Cost (2013) (7640)The Firm, the Market, and the Law (1990) (2091)The New Institutional Economics (1998) (2081)Durability and Monopoly (1972) (1630)The Problem of Social Cost (1960) (1308)The Institutional Structure of Production (1991) (1223)The Lighthouse in Economics (1974) (842)The Nature of The Firm - Influence (1988) (406)The Marginal Cost Controversy (1946) (392)1. The Nature of the Firm: Origin (1988) (350)The Federal Communications Commission (1959) (335)Industrial Organization: A Proposal for Research (1972) (289)Essays on Economics and Economists (1994) (266)The Market for Goods and the Market for Ideas (2008) (252)The Nature of the Firm: Meaning (1988) (203)Economics and Contiguous Disciplines (1978) (202)How China Became Capitalist (2012) (197)Adam Smith's View of Man (1976) (197)The Acquisition of Fisher Body By General Motors* (2000) (193)ACCOUNTING AND THE THEORY OF THE FIRM (1990) (148)Law and Economics at Chicago (1993) (142)The Coase Theorem and the Empty Core: A Comment (1981) (121)The Conduct of Economics: The Example of Fisher Body and General Motors (2006) (120)Payola in Radio and Television Broadcasting (1979) (117)Promoting Efficient Use of Spectrum Through Elimination of Barriers to the Development of Secondary Markets (2001) (116)The Theory of Public Utility Pricing and Its Application (1970) (95)British Broadcasting: A Study in Monopoly (1950) (93)How should economists choose (1982) (90)COASE, THE NATURE OF THE FIRM, AND THE PRINCIPLES OF MARGINAL ANALYSIS (2005) (82)Marshall on Method (1975) (79)The Economics of Broadcasting and Government Policy (1966) (78)The Federal Communications Commission (1959) (75)Advertising and Free Speech (1977) (69)Economists and Public Policy (1999) (68)Business Organization and the Accountant (1973) (59)Coase on Posner on Coase (1993) (59)The Pig-Cycle in Great Britain: An Explanation (1937) (55)Bacon Production and the Pig-Cycle in Great Britain (1935) (49)Rowland Hill and the Penny Post (1939) (48)The Industrial Structure of Production: A Research Agenda for Innovation in an Entrepreneurial Economy (2011) (47)Law and Economics and A. W. Brian Simpson (1996) (46)Coase Defends Coase: Why Lawyers Listen and Economists Do Not (1989) (41)The problem of social cost. The Journal of Law and Economics, Vol. III, 1960, pp. 1–44 (2007) (37)Consumer's Surplus (1968) (37)Comment on Thomas W. Hazlett: Assigning Property Rights to Radio Spectrum Users: Why Did Fcc License Auctions Take 67 Years? (1998) (33)Some Notes on Monopoly Price (1937) (31)The Task of the Society (1999) (31)Monopoly Pricing with Interrelated Costs and Demands (1946) (31)The Appointment of Pigou as Marshall's Successor (1972) (31)My Evolution as an Economist (1995) (30)Evaluation of Public Policy Relating to Radio and Television Broadcasting: Social and Economic Issues (1965) (30)Concluding Comment to Symposium: The New Institutional Economics - Recent Progress; Expanding Frontiers (1993) (30)The Problem of Duopoly Reconsidered (1935) (29)The British Post Office and the Messenger Companies (1961) (27)Price and Output Policy of State Enterprise: A Comment (1945) (27)Economics and Biology: Evolution, Selection, and the Economic Principle: Discussion (1978) (26)Why Economics Will Change (2002) (25)Contracts and The Activities of Firms (1991) (25)The Choice of the Institutional Framework: A Comment (1974) (24)Corporations and Conscience: The Issues (1971) (23)A Methodological Comparison of (2001) (22)The Economics of Uniform Pricing Systems (1947) (21)Economics at LSE in the 1930's: A personal view (1982) (21)The Marginal Cost Controversy: Some Further Comments (1947) (20)Alfred Marshall's Mother and Father (1984) (19)Wire Broadcasting in Great Britain (1948) (17)The Problem of Social Cost: The Citations (1996) (14)Roundtable Discussion (1989) (14)The Development of the British Television Service (1954) (14)On the New Institutional Economics: Comments (1992) (13)The Analysis of Producers' Expectations (1940) (11)The Interdepartment Radio Advisory Committee (1962) (10)The Nature of Costs (1968) (10)The Nature of the Company (2003) (10)The Relevance of Transaction Costs in the Economic Analysis of Law (2005) (9)Alfred Marshall's Family and Ancestry (1990) (9)The Pig-Cycle: A Rejoinder (1935) (9)L'économie Néo-Institutionnelle (2000) (9)Book Review (reviewing Philip Chantler, The British Gas Industry: An Economic Study (1938)) (1938) (8)Problems of Radio Frequency Allocation (1995) (8)The Postal Monopoly in Great Britain: An Historical Survey (1955) (7)Social Cost and Public Policy (1970) (7)Educational TV: Who Should Pay? (1968) (7)The Nationalization of Electricity Supply in Great Britain (1950) (6)Libertarians on the road to town planning (2002) (6)The Auction System and North Sea Gas: A Comment (1970) (6)Report of the Task Force on Productivity and Competition (1969) (6)Professor Sir Arnold Plant: His Ideas and Influence (1986) (6)Law and Economics: A Personal Journey (2014) (5)Essays in applied price theory (1980) (5)Duncan Black: A Biographical Sketch (1981) (5)The iron and steel industry 1926-1935 : an investigation based on the accounts of public companies (1939) (4)The economic nature of the firm: The nature of the firm (2009) (4)2. The Institutional Structure of Production (2017) (4)Book Review (reviewing Paul M. Sweezy, Monopoly and Competition in the English Coal Trade 1550-1850 (1938)) (1939) (3)Should the Federal Communications Commission Be Abolished (1979) (3)Book Review (reviewing Arnold Plant, Selected Economic Essays and Addresses (1974)) (1977) (3)The Theory of Public Utility Pricing (1966) (2)The Power of Exchange (2)The New Institutional Economics of "The Market Itself " (2011) (2)Discussion: Achieving Efficient Regulation of a Fishery (1970) (2)Book Review (reviewing Terence H. O'Brien, British Experiments in Public Ownership and Control (1937)) (1938) (2)China at the Death of Mao (2012) (2)Published Balance Sheets as an Aid to Economic Investigation—Some Difficulties (1938) (2)The Acquisition of Fisher Body (2001) (2)Institutional Economics of the "Market Itself". An Attempted Answer to a Complaint (2011) (2)Looking for results [Ronald Coase talks to Hazlett, Thomas.] (1997) (1)A Bird in the Cage: Market Reform under Socialism (2012) (1)Introduction to Special Issue - 1776: The Revolution in Social Thought (1976) (1)FOREWORD LAW AND ECONOMICS: THE LEGACY OF GUIDO CALABRESI (2014) (1)Testimony to the Federal Communications Commission (2015) (1)Book Review (reviewing E. H. Phelps Brown, The Framework of the Pricing System (1936)) (1937) (1)George J. Stigler (2020) (1)Discussion of "Evaluation of Public Policy Relating to Radio and Television Broadcasting: Social and Economic Issues" (Coase) (1965) (1)George J. Stigler: An Appreciation (1982) (1)Institutions in the climate adaptation literature: a systematic literature review through the lens of the Institutional Analysis and Development framework (2018) (1)[Introduction] (1991) (1)Law and Economics: Nexus of Science and Belief (2019) (1)Did Marshall know where he was born? (1986) (1)Book Review (reviewing J. Fred Weston, The Role of Mergers in the Growth of Large Firms (1953)) (1954) (0)The Outreach of Government: At What Point Peril? (1962) (0)Book Review (reviewing Bishop Carleton Hunt, The Development of the Business Corporation in England 1800-1867 (1936)) (1937) (0)Coase and the Economics of Network Infrastructures (2016) (0)Boundaries of the Firm The central question in this part of the literature goes back to (2019) (0)LSI volume 15 issue 3 Cover and Back matter (1990) (0)More than fifty years ago (0)SCOPE AND METHOD (2019) (0)Book Review (reviewing D. H. Macgregor, Industrial Combination (1935)) (1936) (0)Book Review (reviewing National Bureau of Economic Research, Report of the Committee on Prices in the Bituminous Coal Industry (1938)) (1939) (0)BEHAVIOUR OF FIRMS: VIRTUES AND VICES FROM CSR TO FINANCIAL STATEMENTS FRAUDS (2017) (0)Industrial Org4nization: A Proposal for Research (2007) (0)Working Paper II: The Conglomerate Merger (1968) (0)Nicholas Kaldor’s Economics: a Review. (2022) (0)Memory that Drives! New Insights into Forecasting Performance of Stock Prices from SEMIFARMA-AEGAS Model (2019) (0)In Honor of Aaron Director (1966) (0)The 17th Annual Coase Lecture (2011) (0)Regulation and Consumerism (1972) (0)Book Review (reviewing D. Caradog Jones, Trade Revival in a Depressed Area (1937)) (1939) (0)[Introduction] (1976) (0)Book Review (reviewing E. B. Alderfer, Earnings of Skilled Workers in a Manufacturing Enterprise, 1878-1930 ) (1937) (0)General Media Works (1971) (0)How China’s Market Reform Began (2012) (0)Address Given at UCLA, Los Angeles, Department of Economics, March 9, 1976, on the Occasion of the 200th Anniversary of the Publication of The Wealth of Nations (1976) (0)The Coase Theorem (2021) (0)Comparative Characteristics of “ Old ” and “ New ” (2020) (0)Comment on “Analysis of hospital traffic and search engine data in Wuhan China indicates early disease activity in the Fall of 2019" by Nsoesie et al. (2020) (0)Duncan Black 1908-1991 (1993) (0)Essays on the Institutional Structure of Production (Chinese translation) (1990) (0)The P roblem of Social Cost: The C itations (1996) (0)British Broadcasting (1985) (0)OF MERGERS AND ACQUISITIONS IN THE PHARMACEUTICAL INDUSTRY (2020) (0)Growing out of Socialism: Capitalism with Chinese Characteristics (2012) (0)From Capitalism to Capitalisms (2012) (0)Marketplace for Ideas (2014) (0)Coase on Law and Economics 1 (2007) (0)More Papers This paper list is powered by the following services:
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