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. — 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
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
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
Data can't speak for itself; it's up to you to give it a voice. Try to speak truthfully. — Ronald Coase Copy Share
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
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
Ronnie had it right calling it Torture. That is a much more accurate description the way I see it. — Ronald Coase Copy Share
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
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
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
The law of property determines who owns something, but the market determines how it will be used. — Ronald Coase Copy Share
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
We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged rather than… — Ronald Coase Copy Share
In my long life, I have known some great economists, but I have never counted myself among their number nor walked in their company. — Ronald Coase Copy Share
Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world. — Ronald Coase Copy Share
