- Nov 07, 2020
Ronald Coase Quotes
Most Famous Ronald Coase Quotes of All Time!
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- Last Updated on May 30, 2021
- Cheaper
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- Nov 07, 2020
The pollution problem is always seen as someone who was doing something bad that has to be stopped. To me, pollution is doing something bad and good. People don't pollute because they like polluting. They do it because it's a cheaper way of producing something else.
- Buys
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- Nov 07, 2020
Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm.
- Family
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- Nov 07, 2020
You get more irrationality within the family and in consumer behavior than you get, say, in the behavior of firms in their purchases.
- Great Part
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- Nov 07, 2020
You should not forget that without all the work in law and economics, a great part of which has been supported by the John M. Olin Foundation, it is doubtful whether the importance of my work would have been recognized.
- Commonly
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- Nov 07, 2020
Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are commonly disposed of by auction.
- Positive
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- Nov 07, 2020
I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive transaction costs.
- Economics
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- Nov 07, 2020
Economics as currently presented in textbooks and taught in the classroom does not have much to do with business management, and still less with entrepreneurship.
- Life
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- Nov 07, 2020
In my long life, I have known some great economists, but I have never counted myself among their number nor walked in their company.
- Economic
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- Nov 07, 2020
What I have done is to show the importance for the working of the economic system of what may be termed the institutional structure of production.
- Me
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- Nov 07, 2020
During the two centuries since the publication of 'The Wealth of Nations,' the main activity of economists, it seems to me, has been to fill the gaps in Adam Smith's system, to correct his errors and to make his analysis vastly more exact.
- Economy
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- Nov 07, 2020
There is no doubt that the recognition by economists of the importance of the role of the firm in the functioning of the economy will prompt them to investigate its activities more closely.
- Guidance
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- Nov 07, 2020