No Nobel laureate economist conducted his analysis less formally or wrote more accessibly than the late Ronald Coase (1910–2013). Yet his approach and insights were so fruitful that they continue to inspire empirical research that illuminates the operation of real markets in cases were mainstream economists have alleged the prevalence of market failure.
Robert Higgs is Retired Senior Fellow in Political Economy, Founding Editor and former Editor at Large of The Independent Review.
Business and EntrepreneurshipEconomic History and DevelopmentEconomic PolicyEconomyFree Market Economics
Other Independent Review articles by Robert Higgs
Fall 2019 Pressure-Release Valves in Participatory Fascism
Winter 2018/19 Two Worlds: Politics and Everything Else
Fall 2018 Against the Whole Concept and Construction of the Balance of International Payments
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