What made Ronald Coase (1920-2013) one of the greatest and most influential economists of the past century? One factor was his persistent focus on understanding real-world institutions at a time when many of his peers were increasingly drawn to abstract theory for its own sake.
Download PDF
(8 pages)
| Other Independent Review articles by John V. C. Nye | |
| Summer 2016 | Douglass C. North: The Restless Innovator |
| Summer 2008 | From the Corn Laws to Free Trade: Interests, Ideas, and Institutions in Historical Perspective |
| Spring 1997 | Democracy and International Trade: Britain, France, and the United States, 1860–1990 |
