Egy olyan esszét adunk most közre, amelyet Coase 1973-ban az Amerikai Közgazda sági Társaság éves közgyűlésén adott elő. A szöveg régi, ám a benne foglaltak saj nálatos módon ma épp úgy aktuálisak, mint annak idején. Valószínűleg ezért is dön tött úgy a szerző, hogy...

In the 1930's and 1940's, the view came to be held that the right policy was to make public utility prices everywhere equal to marginal cost, even where marginal cost was less than average cost and a government subsidy was required to maintain production. This policy proposal had serious...

Prize Lecture to the memory of Alfred Nobel, December 9, 1991.

My father, a methodical man, recorded in his diary that I was born at 3:25 p.m. on December 29th, 1910. The place was a house, containing two flats of which my parents occupied the lower, in a suburb of London, Willesden. My father was a telegraphist in the Post Office. My mother had been...

This outstanding book presents new original contributions from some of the world's leading economists including Ronald Coase, Douglass C. North, Masahiko Aoki, Oliver E. Williamson and Harold Demsetz. It demonstrates the extent and depth of the New Institutional Economics research programme...