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
Outside the firm, price movements direct production, which is co-ordinated through a series of exchange transactions on the market. Within a firm, these market transactions are eliminated and in place of the complicated market structure with exchange transactions is substituted… — 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)
