Ronald Coase
British economist and author
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Economics
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.
Ronald Coase's Published Works
Published Works
- The Nature of the Firm (1937) (15838)
- The Problem of Social Cost (2013) (7736)
- The Firm, the Market, and the Law (1990) (2106)
- The New Institutional Economics (1998) (2081)
- Durability and Monopoly (1972) (1645)
- The Problem of Social Cost (1960) (1394)
- The Institutional Structure of Production (1991) (1234)
- The Lighthouse in Economics (1974) (851)
- The Nature of The Firm - Influence (1988) (411)
- The Marginal Cost Controversy (1946) (395)
- 1. The Nature of the Firm: Origin (1988) (354)
- The Federal Communications Commission (1959) (334)
- Industrial Organization: A Proposal for Research (1972) (291)
- Essays on Economics and Economists (1994) (267)
- The Market for Goods and the Market for Ideas (2008) (253)
- The Nature of the Firm: Meaning (1988) (205)
- Economics and Contiguous Disciplines (1978) (202)
- How China Became Capitalist (2012) (199)
- Adam Smith's View of Man (1976) (199)
- The Acquisition of Fisher Body By General Motors* (2000) (194)
- ACCOUNTING AND THE THEORY OF THE FIRM (1990) (150)
- Law and Economics at Chicago (1993) (144)
- The Coase Theorem and the Empty Core: A Comment (1981) (123)
- The Conduct of Economics: The Example of Fisher Body and General Motors (2006) (120)
- Promoting Efficient Use of Spectrum Through Elimination of Barriers to the Development of Secondary Markets (2001) (118)
- Payola in Radio and Television Broadcasting (1979) (117)
- 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)
- The Federal Communications Commission (1959) (83)
- COASE, THE NATURE OF THE FIRM, AND THE PRINCIPLES OF MARGINAL ANALYSIS (2005) (82)
- The Economics of Broadcasting and Government Policy (1966) (80)
- Marshall on Method (1975) (79)
- Economists and Public Policy (1999) (69)
- Advertising and Free Speech (1977) (69)
- Coase on Posner on Coase (1993) (61)
- Business Organization and the Accountant (1973) (59)
- The Pig-Cycle in Great Britain: An Explanation (1937) (57)
- Bacon Production and the Pig-Cycle in Great Britain (1935) (50)
- Rowland Hill and the Penny Post (1939) (48)
- The Industrial Structure of Production: A Research Agenda for Innovation in an Entrepreneurial Economy (2011) (48)
- Law and Economics and A. W. Brian Simpson (1996) (47)
- Coase Defends Coase: Why Lawyers Listen and Economists Do Not (1989) (42)
- 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) (32)
- Monopoly Pricing with Interrelated Costs and Demands (1946) (31)
- The Task of the Society (1999) (31)
- The Appointment of Pigou as Marshall's Successor (1972) (31)
- Concluding Comment to Symposium: The New Institutional Economics - Recent Progress; Expanding Frontiers (1993) (30)
- Evaluation of Public Policy Relating to Radio and Television Broadcasting: Social and Economic Issues (1965) (30)
- My Evolution as an Economist (1995) (30)
- The Problem of Duopoly Reconsidered (1935) (29)
- Price and Output Policy of State Enterprise: A Comment (1945) (27)
- The British Post Office and the Messenger Companies (1961) (27)
- Economics and Biology: Evolution, Selection, and the Economic Principle: Discussion (1978) (26)
- Contracts and The Activities of Firms (1991) (25)
- Why Economics Will Change (2002) (25)
- The Choice of the Institutional Framework: A Comment (1974) (25)
- A Methodological Comparison of (2001) (23)
- Corporations and Conscience: The Issues (1971) (23)
- 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) (15)
- The Development of the British Television Service (1954) (14)
- On the New Institutional Economics: Comments (1992) (13)
- Roundtable Discussion (1989) (13)
- The Analysis of Producers' Expectations (1940) (11)
- The Nature of the Company (2003) (10)
- The Nature of Costs (1968) (10)
- The Relevance of Transaction Costs in the Economic Analysis of Law (2005) (10)
- The Interdepartment Radio Advisory Committee (1962) (10)
- L'économie Néo-Institutionnelle (2000) (9)
- The Pig-Cycle: A Rejoinder (1935) (9)
- Alfred Marshall's Family and Ancestry (1990) (9)
- Social Cost and Public Policy (1970) (8)
- 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)
- Educational TV: Who Should Pay? (1968) (7)
- Report of the Task Force on Productivity and Competition (1969) (6)
- The Nationalization of Electricity Supply in Great Britain (1950) (6)
- Professor Sir Arnold Plant: His Ideas and Influence (1986) (6)
- Libertarians on the road to town planning (2002) (6)
- The Auction System and North Sea Gas: A Comment (1970) (6)
- Duncan Black: A Biographical Sketch (1981) (5)
- Law and Economics: A Personal Journey (2014) (5)
- Essays in applied price theory (1980) (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)
- Book Review (reviewing Arnold Plant, Selected Economic Essays and Addresses (1974)) (1977) (3)
- Should the Federal Communications Commission Be Abolished (1979) (3)
- Institutional Economics of the "Market Itself". An Attempted Answer to a Complaint (2011) (2)
- Introduction to Special Issue - 1776: The Revolution in Social Thought (1976) (2)
- China at the Death of Mao (2012) (2)
- The Acquisition of Fisher Body (2001) (2)
- Discussion: Achieving Efficient Regulation of a Fishery (1970) (2)
- The New Institutional Economics of "The Market Itself " (2011) (2)
- The Power of Exchange (2)
- The Theory of Public Utility Pricing (1966) (2)
- Book Review (reviewing Terence H. O'Brien, British Experiments in Public Ownership and Control (1937)) (1938) (2)
- Published Balance Sheets as an Aid to Economic Investigation—Some Difficulties (1938) (2)
- A Bird in the Cage: Market Reform under Socialism (2012) (1)
- FOREWORD LAW AND ECONOMICS: THE LEGACY OF GUIDO CALABRESI (2014) (1)
- Looking for results [Ronald Coase talks to Hazlett, Thomas.] (1997) (1)
- Discussion of "Evaluation of Public Policy Relating to Radio and Television Broadcasting: Social and Economic Issues" (Coase) (1965) (1)
- Did Marshall know where he was born? (1986) (1)
- Institutions in the climate adaptation literature: a systematic literature review through the lens of the Institutional Analysis and Development framework (2018) (1)
- The Outreach of Government: At What Point Peril? (1962) (1)
- Book Review (reviewing E. H. Phelps Brown, The Framework of the Pricing System (1936)) (1937) (1)
- George J. Stigler (2020) (1)
- George J. Stigler: An Appreciation (1982) (1)
- Testimony to the Federal Communications Commission (2015) (1)
- Law and Economics: Nexus of Science and Belief (2019) (1)
- [Introduction] (1991) (1)
- General Media Works (1971) (0)
- Marketplace for Ideas (2014) (0)
- Coase and the Economics of Network Infrastructures (2016) (0)
- BEHAVIOUR OF FIRMS: VIRTUES AND VICES FROM CSR TO FINANCIAL STATEMENTS FRAUDS (2017) (0)
- LSI volume 15 issue 3 Cover and Back matter (1990) (0)
- OF MERGERS AND ACQUISITIONS IN THE PHARMACEUTICAL INDUSTRY (2020) (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)
- Working Paper II: The Conglomerate Merger (1968) (0)
- Book Review (reviewing J. Fred Weston, The Role of Mergers in the Growth of Large Firms (1953)) (1954) (0)
- The P roblem of Social Cost: The C itations (1996) (0)
- From Capitalism to Capitalisms (2012) (0)
- Duncan Black 1908-1991 (1993) (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)
- In Honor of Aaron Director (1966) (0)
- Comparative Characteristics of “ Old ” and “ New ” (2020) (0)
- Memory that Drives! New Insights into Forecasting Performance of Stock Prices from SEMIFARMA-AEGAS Model (2019) (0)
- Book Review (reviewing E. B. Alderfer, Earnings of Skilled Workers in a Manufacturing Enterprise, 1878-1930 ) (1937) (0)
- Coase on Law and Economics 1 (2007) (0)
- Industrial Org4nization: A Proposal for Research (2007) (0)
- Book Review (reviewing National Bureau of Economic Research, Report of the Committee on Prices in the Bituminous Coal Industry (1938)) (1939) (0)
- More than fifty years ago (0)
- Regulation and Consumerism (1972) (0)
- Book Review (reviewing Bishop Carleton Hunt, The Development of the Business Corporation in England 1800-1867 (1936)) (1937) (0)
- [Introduction] (1976) (0)
- Essays on the Institutional Structure of Production (Chinese translation) (1990) (0)
- Book Review (reviewing D. H. Macgregor, Industrial Combination (1935)) (1936) (0)
- Growing out of Socialism: Capitalism with Chinese Characteristics (2012) (0)
- British Broadcasting (1985) (0)
- How China’s Market Reform Began (2012) (0)
- SCOPE AND METHOD (2019) (0)
- Boundaries of the Firm The central question in this part of the literature goes back to (2019) (0)
- The Coase Theorem (2021) (0)
- Nicholas Kaldor’s Economics: a Review. (2022) (0)
- Book Review (reviewing D. Caradog Jones, Trade Revival in a Depressed Area (1937)) (1939) (0)
- The 17th Annual Coase Lecture (2011) (0)
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