Showing 1 - 10 of 11
We examine Coase's biographical work on Marshall and his discussions of Marshall's economics for clues as to the sources of Coase's affinity for Marshall. And as we shall see, the evidence suggests explanations that are at once personal and professional.
Persistent link: https://www.econbiz.de/10012050945
This paper takes up Coase's views on the Chicago school, as found in his published and, especially, unpublished writings, beginning already in the early 1960s, prior to his appointment at Chicago. These commentaries at once demonstrate a measure of kinship and significant differences of...
Persistent link: https://www.econbiz.de/10012050946
One of the more striking features of the debate over the Coase theorem is the wide variety of models and theoretical frameworks used to discuss, evaluate, or otherwise analyze Coase's result - an artifact of an ambiguity in Coase's reasoning. Some framed Coase's result in a bargaining context...
Persistent link: https://www.econbiz.de/10012653014
Though the Chicago school has been the subject of no small amount of research over the past several decades, that scholarship has focused largely on persons, ideas, and influence - in short, on the school itself. No attention has been paid to the origins of that label and the avenues via which...
Persistent link: https://www.econbiz.de/10012672394
In a paper delivered at the December 1955 meeting of the Econometric Society, Paul Samuelson noted that though economists had done "work of high quality and great quantity in the field of taxation," the theory of public expenditure had been "relatively neglected" (1958, 332). Anglo-American...
Persistent link: https://www.econbiz.de/10013412954
This paper revisits the path by which Coase developed the result now known as the Coase theorem, including the famous meeting at the home of Aaron Director during which Coase 'converted' a group of Chicago economists to his way of thinking. Drawing on published and archival sources, we discuss...
Persistent link: https://www.econbiz.de/10014316512
One Friday afternoon a dozen or so years ago I sat in on a freshman honors seminar led by one of my colleagues. This weekly seminar featured guest speakers from various walks of life, and that week's speaker was a state legislator who happened to be a member of the Republican party. At one point...
Persistent link: https://www.econbiz.de/10014339804
In 1965, Henry Manne convinced the Association of American Law Schools and the American Economic Association to establish an ad hoc Joint Committee to explore the possibilities of collaborative efforts between economists and legal scholars. This paper examines the origins and activities of this...
Persistent link: https://www.econbiz.de/10014339805
This paper examines the evolving role played by the Coase theorem over the several editions of Richard Posner's Economic Analysis of Law. In doing so, the paper shows both the grounding of Posner's efficiency norm in the theorem's logic and his increasing emphasis on the theorem's invariance...
Persistent link: https://www.econbiz.de/10014479651
The present paper revisits the path by which Coase came to set down the result now generally known as the Coase theorem in his 1960 article. I draw on both the published record and archival resources in an effort to clear away some of the mist and, as it will emerge, dispel some of the...
Persistent link: https://www.econbiz.de/10012593294