Home
Topics
Authors
:
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

Ronald Coase Quotes

British - Economist | December 29, 1910 - September 2, 2013

I'm no enthusiast for the Coase Theorem. I don't like it, but it's widely used.

Used Like Enthusiast Theorem Widely

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

Positive Stone Way Economy Analysis

People have used my views for purposes which are very different from mine.

People Used Different Mine Views

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

Life Great Myself Long Never Some

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

Law Will Property Something Market

The pollution problem is always seen as someone who was doing something bad that has to be stopped. To me, pollution is doing something bad and good. People don't pollute because they like polluting. They do it because it's a cheaper way of producing something else.

Good People Me Good People Problem

Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm.

Business Someone Long You Why Act

You get more irrationality within the family and in consumer behavior than you get, say, in the behavior of firms in their purchases.

Family Behavior You Say More Within

I've been wrong so often, I don't find it extraordinary at all.

Find Wrong Extraordinary Been Often

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.

Work Great Law Economics Foundation

The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price mechanism. The most obvious cost of 'organizing' production through the price mechanism is that of discovering what the relevant prices are.

Organizing Price Why Reason Cost

Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are commonly disposed of by auction.

Time Art Auction Number Despite

12 Next page Last

Copyright © 2024 QuotesDict Ronald Coase quotes