Ronald Coase

The main reason why it is profitable to establish a firm would seem to be that there is a cost of using…

— Ronald Coase

A firm, therefore, consists of the system of relationships which comes into existence when the direction of resources is dependent on an…

— Ronald Coase

Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are…

— Ronald Coase

Data can't speak for itself; it's up to you to give it a voice. Try to speak truthfully.

— Ronald Coase

I can't remember one [example of regulation] that's good. Regulation of transport, regulation of agriculture - agriculture is a, zoning is z.…

— Ronald Coase

In my youth it was said that what was too silly to be said may be sung. In modern economics it may…

— Ronald Coase

Ronnie had it right calling it Torture. That is a much more accurate description the way I see it.

— Ronald Coase

The tools used by economists to analyze business firms are too abstract and speculative to offer any guidance to entrepreneurs and managers…

— Ronald Coase

The pollution problem is always seen as someone who was doing something bad that has to be stopped. To me, pollution is…

— Ronald Coase

I can't remember [of a good regulation]. Regulation of transport, regulation of agriculture — agriculture is a, zoning is z. You know,…

— Ronald Coase

The law of property determines who owns something, but the market determines how it will be used.

— Ronald Coase

What I have done is to show the importance for the working of the economic system of what may be termed the…

— Ronald Coase

We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged…

— Ronald Coase

In my long life, I have known some great economists, but I have never counted myself among their number nor walked in…

— Ronald Coase

Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real…

— Ronald Coase

You wouldn't think there was a need for a Coase Theorem, really.

— Ronald Coase

If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to…

— Ronald Coase

In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would…

— Ronald Coase

Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large,…

— Ronald Coase

Changes like the telephone and telegraphy, which tend to reduce the cost of organizing spatially, will tend to increase the size of…

— Ronald Coase

I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive…

— Ronald Coase

“An important reason may be that government at the present time is so large that it has reached the stage of negative…

— Ronald Coase

It is clear that these are alternative methods of co-ordinating production. Yet, having regard to the fact that, if production is regulated…

— Ronald Coase

You should not forget that without all the work in law and economics, a great part of which has been supported by…

— Ronald Coase

During the two centuries since the publication of 'The Wealth of Nations,' the main activity of economists, it seems to me, has…

— Ronald Coase