Marciano, Alain - International Centre for Economic Research (ICER) - 2010
In this paper, we show that, in 1961 and before he had read "The Problem of Social Cost", Calabresi reached exactly the … result was valid only in the theoretical world of the economists. We also analyze how Calabresi's thought evolved, in … validity of the Coase theorem. Calabresi's conclusions remained ignored by economists and by most of legal scholars until the …