This comment is part of a symposium on Ekkehart Schlicht, "On Custom in the Economy" (1998) Copyright 2002 The American Journal of Economics and Sociology.

That Coase's political convictions changed from an early socialism to a later neo-liberalism stands in apparent contrast to the theoretical consistency of his early ('The Nature of the Firm') and later ('The Problem of Social Cost') contributions to economics. Offering further evidence about his...

This paper analyses the signal uncertainty implicit in the communications of the Bank of England's Monetary Policy Committee (MPC). Unlike previous studies, which seek to construct a qualitative uncertainty index that heavily relies on subjective interpretations of key expressions, we limit...

'This is a wonderful book to read that analyzes an idiosyncratic and polymath economist that hardly left his audiences or his readers indifferent. Those who knew Mark Blaug will recognize the man, the intellectual, the economist, and the historian of ideas in the chapters included in the volume....