Mary L. G. Theroux
| Sunday November 25, 2012 at 5:15 PM PST
Ronald Coase, the 101-year old, Nobel Prize-winning economist from whose essay, “The Lighthouse in Economics” the Independent Institute takes its logo, is at it again: tweaking his fellow economists for being out of touch with reality in a new piece in the December 2012 Harvard Business Review (HBR), “Saving Economics from the Economists.” Economics...
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Tags: Austrian School of Economics, Business, Economics, Entrepreneurship, Free Market, free rider effect, Innovation, Nobel Prize in Economics, Property Rights, Regulation, Ronald H. Coase, The Lighthouse in Economics, Theory of Social Cost
David J. Theroux
| Monday January 2, 2012 at 4:50 PM PST
On December 29th, the world-renowned economist Ronald H. Coase celebrated in Chicago his 101st birthday. Professor Coase received the Nobel Prize in Economic Sciences in 1991, and he is the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School and the former, highly influential editor of the prestigious Journal...
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Tags: 25th Anniversary Gala for Liberty, Alexis de Tocqueville Award, Austrian School of Economics, Books, Business, California, Civil Society, Culture, Economics, Entrepreneurship, Environment, Fred Foldvary, free enterprise, Free Market, he Firm, Independent Institute, Journal of Law and Economics, Land use, Law, Law and Economics, Lech Wałęsa, Liberty, Mario Vargas Llosa, market process, Monopoly and Antitrust, Privatization, Property Rights, public choice, Robert Higgs, Ronald H. Coase, The Independent Review, The Lighthouse in Economics, the Market and the Law, The Nature of the Firm, The Problem of Social Costs, transaction costs