2 points | by mobileturdfctry 8 hours ago ago
1 comments
https://www.law.uchicago.edu/lawecon/coaseinmemoriam/problem...
> What has become known since as the "Coasean World,"--where rational actors transact freely without need for institutions, firms, or even law—"is really the world of modern economic theory, one which I was hoping to persuade economists to leave."
https://www.law.uchicago.edu/lawecon/coaseinmemoriam/problem...
> What has become known since as the "Coasean World,"--where rational actors transact freely without need for institutions, firms, or even law—"is really the world of modern economic theory, one which I was hoping to persuade economists to leave."