Published May 21, 2012

Ronald Coase on Externalities, the Firm, and the State of Economics

Explore Ronald Coase's pioneering theories as he delves into the existence of firms, critiques the reliance on economic models, and discusses China's unique capitalism, revealing the powerful impact of his Coase Theorem on economic thought and policy.

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Topics covered

Episode Highlights

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Ronald Coase on Externalities, the Firm, and the State of Economics

Topics covered

Popular Clips

Coase's Journey

Transaction Costs and the Study of Firms

The Nature of Firms

China's Unique Capitalism

Optimism for the Future

Challenging Economic Assumptions

The Coase Theorem Debate

Goodbye

Government and Errors

The Problem of Social Cost

Property Rights in China

Chinese Prosperity

Politics and Tragedy

Episode Highlights

Firm Theories and Practices

Chinese Economic Development

Coase's Economic Impact

Related Episodes

Robert Frank on Coase

Don Boudreaux on Coase

Robert Solow on Growth and the State of Economics

Michael Munger on the Nature of the Firm

Coase, the Rules of the Game, and the Costs of Perfection (with Daisy Christodoulou)

Paul Romer on Growth, Cities, and the State of Economics

Clay Shirky on Coase, Collaboration and Here Comes Everybody

Capitalism, Government, and the Good Society

James Otteson on the End of Socialism

Michael Munger on Subsidies and Externalities

Milton Friedman on Capitalism and Freedom

Vernon Smith on Rationality in Economics

Timothy Taylor on Government vs. Business

Peter Boettke on Public Administration, Liberty, and the Proper Role of Government

Robert Frank on Dinner Table Economics

Ronald Coase on Externalities, the Firm, and the State of Economics

Topics covered

Popular Clips

Episode Highlights

Firm Theories and Practices

Chinese Economic DevelopmentRonald Coase explores China's economic landscape, emphasizing its growth potential and unique form of capitalism. He discusses the challenges of measuring prosperity and the role of government in shaping the economy.

Chinese Economic Development

Coase's Economic ImpactRonald Coase, a Nobel Laureate, shares insights into his groundbreaking work on the Coase Theorem and its implications for economics. He discusses the importance of empirical research over theoretical models and critiques the misinterpretations of his theories.

Coase's Economic Impact

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