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Ronald Coase Quotes


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Quotes by Ronald Coase

Showing 1-10 of 20 Quotes by Ronald Coase

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

~Ronald Coase

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There is no doubt that the recognition by economists of the importance of the role of the firm in the functioning of the economy will prompt them to investigate its activities more closely.

~Ronald Coase

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

~Ronald Coase

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Economics as currently presented in textbooks and taught in the classroom does not have much to do with business management, and still less with entrepreneurship.

~Ronald Coase

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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.

~Ronald Coase

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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.

~Ronald Coase

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

~Ronald Coase

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

~Ronald Coase

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

~Ronald Coase

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

~Ronald Coase

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Biography

Nationality: British

Type: Economist

Born: December 29th, 1910

Died: September 2nd, 2013

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