Green Bag 2d, Vol. 17 (2014).
15 Pages Posted: 8 Apr 2014 Last revised: 21 May 2016
Date Written: March 10, 2014
Ronald Coase left an impressive legacy, but that legacy is not complete because the work he is most known for, The Coase Theorem, is largely misunderstood. This article explains The Coase Theorem and Coase's larger work in terms understandable to non-economists and even non-lawyers.
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