Phrase by 'Ronald Coase'
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I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive transaction costs.
Author: Ronald Coase - British EconomistWay , Positive , Economy , Stone
You wouldn't think there was a need for a Coase Theorem, really.
Author: Ronald Coase - British EconomistYou , Really , Need , Think
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.
Author: Ronald Coase - British EconomistManagement , Business , Still , Economics
In my long life, I have known some great economists, but I have never counted myself among their number nor walked in their company.
Author: Ronald Coase - British EconomistLife , Myself , Long , Great
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.
Author: Ronald Coase - British EconomistDone , System , Show , Economic
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.
Author: Ronald Coase - British EconomistMore , Me , Two , Wealth
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.
Author: Ronald Coase - British EconomistMore , Will , Doubt , Recognition
The tools used by economists to analyze business firms are too abstract and speculative to offer any guidance to entrepreneurs and managers in their constant struggle to bring novel products to consumers at low cost.
Author: Ronald Coase - British EconomistBusiness , Struggle , Tools , Guidance
Technology is at a point where we should allow multiple parties to occupy the same spectral space.
Author: Ronald Coase - British EconomistSpace , Point , Technology , Same
Changes like the telephone and telegraphy, which tend to reduce the cost of organizing spatially, will tend to increase the size of the firm.
Author: Ronald Coase - British EconomistLike , Will , Changes , Size
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