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. — Ronald Coase Copy Share Image
Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an… — Ronald Coase Copy Share Image
The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price… — Ronald Coase Copy Share Image
A firm, therefore, consists of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur... As… — Ronald Coase Copy Share Image
Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are commonly disposed… — Ronald Coase Copy Share Image
Data can't speak for itself; it's up to you to give it a voice. Try to speak truthfully. — Ronald Coase Copy Share Image
I can't remember one [example of regulation] that's good. Regulation of transport, regulation of agriculture - agriculture is a, zoning is z. You know,… — Ronald Coase Copy Share Image
In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put… — Ronald Coase Copy Share Image
Ronnie had it right calling it Torture. That is a much more accurate description the way I see it. — Ronald Coase Copy Share Image
The tools used by economists to analyze business firms are too abstract and speculative to offer any guidance to entrepreneurs and managers in their… — Ronald Coase Copy Share Image
The pollution problem is always seen as someone who was doing something bad that has to be stopped. To me, pollution is doing something… — Ronald Coase Copy Share Image
I can't remember [of a good regulation]. Regulation of transport, regulation of agriculture — agriculture is a, zoning is z. You know, you go… — Ronald Coase Copy Share Image
The law of property determines who owns something, but the market determines how it will be used. — Ronald Coase Copy Share Image
What I have done is to show the importance for the working of the economic system of what may be termed the institutional structure… — Ronald Coase Copy Share Image
![“I can't remember one [example of regulation] that's good. Regulation of transport, regulation of agriculture - agriculture is a, zoning is z. You know, you go from a to z, they are all bad. There were so many studies, and the result was quite universal: The effects were bad.” quote by Ronald Coase](https://sms4smile.com/quotes/img-quotes/02e/ronald-coase-17623_agriculture_i-can-t-remember-one-example-of-regulati_654706.jpg)
![“I can't remember [of a good regulation]. Regulation of transport, regulation of agriculture — agriculture is a, zoning is z. You know, you go from a to z, they are all bad. There were so many studies, and the result was quite universal: The effects were bad” quote by Ronald Coase](https://sms4smile.com/quotes/img-quotes/03a/ronald-coase-17623_agriculture_i-can-t-remember-of-a-good-regulation-re_974279.jpg)
