Ronald Coase discusses the role of government and the common errors they make, emphasizing the importance of studying how governments actually operate. He also touches on the limitations of trial and error and competition as solutions in certain areas, using the example of Hitler and the conduct of war. Coase reflects on his time at the University of Virginia and his thoughts on the work of James Buchanan, Gordon Tulleck, and Warren Nutter in the field of public choice economics.
