Ronald Coase Quotes

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In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics. -Ronald Coase
The law of property determines who owns something, but the market determines how it will be used. -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
I'm no enthusiast for the Coase Theorem. I don't like it, but it's widely used. -Ronald Coase
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
I've been wrong so often, I don't find it extraordinary at all. -Ronald Coase
People have used my views for purposes which are very different from mine. -Ronald Coase
You wouldn't think there was a need for a Coase Theorem, really. -Ronald Coase
In my long life, I have known some great economists, but I have never counted myself among their number nor walked in their company. -Ronald Coase
What I have done is to show the importance for the working of the economic system of what may be termed the institutional structure of production. -Ronald Coase
Technology is at a point where we should allow multiple parties to occupy the same spectral space. -Ronald Coase
Changes like the telephone and telegraphy, which tend to reduce the cost of organizing spatially, will tend to increase the size of the firm. -Ronald Coase
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