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Ronald Coase and Methodology

Author

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  • Richard A. Posner

Abstract

Ronald Coase wrote two great theoretical articles that earned him the Nobel Prize: "The Nature of the Firm" in 1937 and "The Problem of Social Cost" in 1960. He also wrote many articles dealing with the methodology of economics, often in the setting of a discussion of a particular economist, such as Adam Smith or Alfred Marshall. The methodological articles will be my particular focus here.

Suggested Citation

  • Richard A. Posner, 1993. "Ronald Coase and Methodology," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 195-210, Fall.
    • Handle: RePEc:aea:jecper:v:7:y:1993:i:4:p:195-210
    Note: DOI: 10.1257/jep.7.4.195
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.7.4.195
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    Citations

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    Cited by:

    1. Francis de Véricourt & Denis Gromb, 2018. "Financing Capacity Investment Under Demand Uncertainty: An Optimal Contracting Approach," Manufacturing & Service Operations Management, INFORMS, vol. 20(1), pages 85-96, February.
    2. Scott, Susan & Lawlor, John, 1994. "Waste Water Services: Charging Industry the Capital Cost," Research Series, Economic and Social Research Institute (ESRI), number PRS22.
    3. Yu-Bong Lai, 2008. "Auctions or grandfathering: the political economy of tradable emission permits," Public Choice, Springer, vol. 136(1), pages 181-200, July.
    4. Michael Butler & Robert Garnett, 2002. "Teaching the Coase Theorem: Are We Getting It Right?," Working Papers 200202, Texas Christian University, Department of Economics.
    5. Razeen Sally, 1997. "The Political Economy of Frank Knight: Classical Liberalism from Chicago," Constitutional Political Economy, Springer, vol. 8(2), pages 123-138, June.
    6. Steven G Medema, 0. "Embracing at arm’s length: Ronald Coase’s uneasy relationship with the Chicago school," Oxford Economic Papers, Oxford University Press, vol. 72(4), pages 1072-1090.
    7. Daly, George, 1995. "The Coase Theorem and the division of academic labor," Japan and the World Economy, Elsevier, vol. 7(1), pages 79-83, May.
    8. Mariusz Jerzy Golecki, "undated". "SYNALLAGMA AND FREEDOM OF CONTRACT - The Concept of Reciprocity and Fairness in Contracts from the Historical and Law and Economics Perspective," German Working Papers in Law and Economics 2003-1-1070, Berkeley Electronic Press.
    9. Yu-Bong Lai, 2007. "The Optimal Distribution of Pollution Rights in the Presence of Political Distortions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(3), pages 367-388, March.
    10. Nicolai Foss, 2001. "Bounded Rationality in the Economics of Organization: Present Use and (Some) Future Possibilities," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 5(3), pages 401-425, September.
    11. Jaza Folefack, Achille Jean & Darr, Dietrich, 2021. "Promoting cocoa agroforestry under conditions of separated ownership of land and trees: Strengthening customary tenure institutions in Cameroon," Land Use Policy, Elsevier, vol. 108(C).
    12. Volker Beckmann & Justus Wesseler, 2007. "Spatial Dimension of Externalities and the Coase Theorem: Implications for Co-existence of Transgenic Crops," Springer Books, in: Wim Heijman (ed.), Regional Externalities, chapter 11, pages 223-242, Springer.
    13. Sam Peltzman, 2011. "Ronald Coase and the Methodology of Economics," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 15-29.
    14. Richard A. Posner, 2011. "Keynes and Coase," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 31-40.
    15. Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
    16. Tamara Todorova, 2007. "The Coase Theorem Revisited: Implications for Economic Transition," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 35(2), pages 189-201, June.
    17. Szakadát, László, 1995. "Ronald Coase és a közgazdaságtan módszertana [Ronald Coase and the methodology of economics]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1044-1051.
    18. Steven Medema, 2011. "A case of mistaken identity: George Stigler, “The Problem of Social Cost,” and the Coase theorem," European Journal of Law and Economics, Springer, vol. 31(1), pages 11-38, February.
    19. Usher, Dan, 1998. "The Coase theorem is tautological, incoherent or wrong," Economics Letters, Elsevier, vol. 61(1), pages 3-11, October.
    20. Steven G. Medema, 2010. "Ronald Harry Coase," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 2, Edward Elgar Publishing.
    21. Bård Harstad, 2012. "Buy Coal! A Case for Supply-Side Environmental Policy," Journal of Political Economy, University of Chicago Press, vol. 120(1), pages 77-115.
    22. Bernard Sinclair-Desgagné, 2000. "Environmental Risk Management and the Business Firm," CIRANO Working Papers 2000s-23, CIRANO.
    23. Steven G. Medema, 2010. "Chicago Law and Economics," Chapters, in: Ross B. Emmett (ed.), The Elgar Companion to the Chicago School of Economics, chapter 11, Edward Elgar Publishing.

    More about this item

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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