This paper takes up Coase's views on the Chicago school, as found in his published and, especially, unpublished writings, beginning already in the early 1960s, prior to his appointment at Chicago.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...

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...

The governance and transaction cost insights of Oliver Williamson (1975, 1985, 1996, 2010) and Ronald Coase (1937, 1992) have framed antitrust polices and firm management strategies. Transaction cost economics explain efficient governance adaptation. With a focus on private efficiency gains...