Ronald Coase Quotes

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.

Ronald Coase

Recitation: by Male by Female

Author Biography

  • Author Profession: economist
  • Nationality: british
  • Birth: December 29, 1910 - September 2, 2013

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