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Synopsis
How do economists decide what questions to address and how to choose their theories? How do they tackle the problems of the economic system and give advice on public policy? With these broad questions, Nobel laureate R. H. Coase, widely recognized for his seminal work on transaction costs, reflects on some of the most fundamental concerns of economists over the past two centuries.
In fifteen essays, Coase evaluates the contributions of a number of outstanding figures, including Adam Smith, Alfred Marshall, Arnold Plant, Duncan Black, and George Stigler, as well as economists at the London School of Economics in the 1930s.
Ronald H. Coase was awarded the Nobel Prize in Economic Science in 1991.
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About the Author
Ronald H. Coase (1910 - 2013) was the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School. He was awarded the Nobel Prize in Economics in 1991. In 2003, Coase was the winner of The Economist Innovation Award in the category of "No Boundaries."
From Library Journal
This is a series of 15 essays written by the 1991 Nobel laureate in economics. Unlike most such collections, the essays are not primarily about Coase's work. The first half of the book contains essays on methodology: what economists do and how they do it. Coase's explanations are thought-provoking. As Coase demonstrates, economics in its theoretical and empirical work is more normative than most economists would prefer to believe. Simple principles are often ignored, replaced by complex ones beyond the ken of economics. The remaining essays are biographical sketches that focus primarily on famous English economists such as Adam Smith and Alfred Marshall. These essays provide insight into the roots of modern economics. Recommended for large university libraries as an accessible collection by a renowned economist.
- Richard C. Schiming, Mankato State Univ., Minn.
Copyright 1993 Reed Business Information, Inc.
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- PublisherUniversity of Chicago Press
- Publication date1995
- ISBN 10 0226111032
- ISBN 13 9780226111032
- BindingPaperback
- Number of pages231
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