As a student at the London School of Economics (LSE), Ronald Coase posed a seemingly naïve question that would, in time, fundamentally change the face of economics and earn him the Nobel Prize: ‘Why do firms exist?' The import of this simple question derived not only from the response Coase...

Born on December 29 1910 at Willesden (in a suburb northwest of London, UK), Ronald Harry Coase died on September 2, 2013 in Chicago (USA). He had lived a long 102 years, of which almost 50 spent in the USA, where he had migrated in the early 1950s and of which 80 were devoted to the...

The study deals with Huerta de Soto's thesis about the "mistaken doctrine of common law", which is based on the equalization of depositum irregulare and mutuum contracts. He concluded that equalization of these contracts resulted in the creation of business cycles. According to this study,...