This paper argues that Ronald Coase’s major contributions to economic theory are best understood in terms of the distinct method he used to build more realistic models of choice. We call his method the benchmark-comparison method. It consists of building models of choice and then using them as benchmarks in the further investigation of economic interaction, either by comparing the benchmark models with observed inter-action or by building additional models of choice, which may themselves function as benchmarks. The paper rst describes the method then demonstrates how Coase used it in his two most famous papers. We go on to show how an understanding of the method con rms Coase’s own statements about the continuity of his thought. Finally, ...
Ronald Coase\u27s The Nature of the Firm (The Firm) may well be the second most cited article in law...
The arguments collectively known as the Coase Theorem criticize the judicial policy of requiring bus...
In The Problem of Social Cost Ronald Coase was highly critical of the work of Cambridge University...
a. Empirical, case-based approach defended by Ronald H. Coase (1910-2013), who was awarded the 1991 ...
International audienceOne of Ronald Coase's insights was to extend the economic theory of choice to ...
‘If our discussions are to have any value, our theories must have an empirical basis.’ (Coase 2006, ...
The paper reviews Coase’s ideas on methodology as explored in his criticism of Friedman, and compare...
Nobel Laureate Ronald Coase championed realism in economic modeling. In this paper, I draw lessons f...
Ronald Coase merged two traditions in economics, marginalism and institutionalism. Neoclassical econ...
Poor Ronald Coase. In an introductory essay to a recently published collection of his articles, Coas...
2 Milton Friedman’s “The Methodology of Positive Economies ” is still one of the most widely read pi...
The use of Ronald Coase’s early reflections on cost during the 1930s as a key to read some of his ma...
Coase, Ronald The work of economist Ronald Coase (1910-) transformed legal scholars\u27 approaches t...
Ronald H. Coase’s article of 1960, “The Problem of Social Cost,” sketched a program for economic pol...
By many measures, Ronald Coase has been among the most influential economists of the past 60 years. ...
Ronald Coase\u27s The Nature of the Firm (The Firm) may well be the second most cited article in law...
The arguments collectively known as the Coase Theorem criticize the judicial policy of requiring bus...
In The Problem of Social Cost Ronald Coase was highly critical of the work of Cambridge University...
a. Empirical, case-based approach defended by Ronald H. Coase (1910-2013), who was awarded the 1991 ...
International audienceOne of Ronald Coase's insights was to extend the economic theory of choice to ...
‘If our discussions are to have any value, our theories must have an empirical basis.’ (Coase 2006, ...
The paper reviews Coase’s ideas on methodology as explored in his criticism of Friedman, and compare...
Nobel Laureate Ronald Coase championed realism in economic modeling. In this paper, I draw lessons f...
Ronald Coase merged two traditions in economics, marginalism and institutionalism. Neoclassical econ...
Poor Ronald Coase. In an introductory essay to a recently published collection of his articles, Coas...
2 Milton Friedman’s “The Methodology of Positive Economies ” is still one of the most widely read pi...
The use of Ronald Coase’s early reflections on cost during the 1930s as a key to read some of his ma...
Coase, Ronald The work of economist Ronald Coase (1910-) transformed legal scholars\u27 approaches t...
Ronald H. Coase’s article of 1960, “The Problem of Social Cost,” sketched a program for economic pol...
By many measures, Ronald Coase has been among the most influential economists of the past 60 years. ...
Ronald Coase\u27s The Nature of the Firm (The Firm) may well be the second most cited article in law...
The arguments collectively known as the Coase Theorem criticize the judicial policy of requiring bus...
In The Problem of Social Cost Ronald Coase was highly critical of the work of Cambridge University...