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Coasean Economics Law and Economics and the New Institutional Economics

  • Book
  • © 1998

Overview

Editors:
  1. Steven G. Medema

    1. University of Colorado at Denver, USA

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Part of the book series: Recent Economic Thought (RETH, volume 60)

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Transaction Costs, Production Costs, and the Passage of Time

    • Richard N. Langlois
    Pages 1-21

  3. The Coasean Tangle: The Nature of the Firm and the Problem of Historical Specificity

    • Geoffrey M. Hodgson
    Pages 23-49

  4. The Three Great Puzzles of the Firm

    • Scott E. Masten
    Pages 51-63

  5. The Cost of Accosting Coase: A Reconciliatory Survey of Proofs and Disproofs of the Coase Theorem

    • Martin Zelder
    Pages 65-94

  6. The Coase Theorem and Some Puzzles on the Tort/Contract Boundary

    • Victor P. Goldberg
    Pages 95-103

  7. Property Rights, Transaction Costs, and Coase: One More Time

    • Douglas W. Allen
    Pages 105-118

  8. Revisiting Legal Realism: The Law, Economics, and Organization Perspective

    • Oliver E. Williamson
    Pages 119-159

  9. Ronald Coase on Economic Policy Analysis: Framework and Implications

    • Warren J. Samuels, Steven G. Medema
    Pages 161-183

  10. Ronald’s Way

    • Neil Duxbury
    Pages 185-192

  11. Coase, Communism and the “Black Box” of Soviet-Type Economies

    • Peter J. Boettke
    Pages 193-207

  12. Ronald Coase, the British Tradition, and the Future of Economic Method

    • Richard O. Zerbe Jr., Steven G. Medema
    Pages 209-238

  13. The Good Old Coase Theorem and the Good Old Chicago School: A Comment on Zerbe and Medema

    • Deirdre N. McCloskey
    Pages 239-248

  14. The Problem of Social Coase: Between Regulation and Free Market in Economic Methodology

    • Uskali Mäki
    Pages 249-269

  15. Back Matter

    Pages 271-274
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Keywords

About this book

Upon hearing that Ronald Coase had been awarded the Nobel Prize, a fellow economist's first response was to ask with whom Coase had shared the Prize. Whether this response was idiosyncratic or not, I do not know; I expect not. Part of this type of reaction can no doubt be explained by the fact that Coase has often been characterized as an economist who wrote only two significant or influential papers: "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). And by typical professional standards of "significant" and "influential" (i. e. , widely read and cited), this perception embodies a great deal of truth, even subsequent to Coase's receipt of the Prize. This is not to say that there have not been other important works - "The Marginal Cost Controversy" (1946) and "The Lighthouse in Economics" (1974) come immediately to mind here - only that in a random sample of, say, one hundred economists, one would likely find few who could list a Coase bibliography beyond the two classic pieces noted above, in spite of Coase's significant publication record. ' The purpose of this collection is to assess the development of, tensions within, and prospects for Coasean Economics - those aspects of economic analysis that have evolved out of Coase's path-breaking work. Two major strands of research can be identified here: law and economics and the New Institutional Economics.

Editors and Affiliations

  • University of Colorado at Denver, USA

    Steven G. Medema

Bibliographic Information

  • Book Title: Coasean Economics Law and Economics and the New Institutional Economics

  • Editors: Steven G. Medema

  • Series Title: Recent Economic Thought

  • DOI: https://doi.org/10.1007/978-94-011-5350-8

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1998

  • Hardcover ISBN: 978-0-7923-8034-4Published: 31 October 1997

  • Softcover ISBN: 978-94-010-6249-7Published: 06 November 2012

  • eBook ISBN: 978-94-011-5350-8Published: 06 December 2012

  • Series ISSN: 0924-199X

  • Edition Number: 1

  • Number of Pages: XIII, 274

  • Topics: Law and Economics, History of Economic Thought/Methodology, Public Economics, Microeconomics

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