Essays on Economics and Economists

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Author: Ronald H. Coase

ISBN-10: 0226111032

ISBN-13: 9780226111032

Category: Economists - Biography

How do economists decide what questions to address and how to choose their theories? How do they tackle the problems of the economic system and give advice on public policy? With these broad questions, Nobel laureate R. H. Coase, widely recognized for his seminal work on transaction costs, reflects on some of the most fundamental concerns of economists over the past two centuries.\ In fifteen essays, Coase evaluates the contributions of a number of outstanding figures, including Adam Smith,...

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How do economists decide what questions to address and how to choose their theories? How do they tackle the problems of the economic system and give advice on public policy? With these broad questions, Nobel laureate R. H. Coase, widely recognized for his seminal work on transaction costs, reflects on some of the most fundamental concerns of economists over the past two centuries.In fifteen essays, Coase evaluates the contributions of a number of outstanding figures, including Adam Smith, Alfred Marshall, Arnold Plant, Duncan Black, and George Stigler, as well as economists at the London School of Economics in the 1930s.Ronald H. Coase was awarded the Nobel Prize in Economic Science in 1991. Booknews Among the essays are Coase's lecture on receiving the 1991 Nobel Prize for economics. Others explore such aspects of the field as choosing theories, influencing public policy, contiguous disciplines, and the lives and methods of prominent economists. All are reprinted. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Preface1The Institutional Structure of Production32How Should Economists Choose?153Economics and Contiguous Disciplines344Economists and Public Policy475The Market for Goods and the Market for Ideas646The Wealth of Nations757Adam Smith's View of Man958Alfred Marshall's Mother and Father1199Alfred Marshall's Family and Ancestry13010The Appointment of Pigou as Marshall's Successor15111Marshall on Method16712Arnold Plant17613Duncan Black18514George J. Stigler19915Economics at LSE in the 1930s: A Personal View208Index215

\ BooknewsAmong the essays are Coase's lecture on receiving the 1991 Nobel Prize for economics. Others explore such aspects of the field as choosing theories, influencing public policy, contiguous disciplines, and the lives and methods of prominent economists. All are reprinted. Annotation c. Book News, Inc., Portland, OR (booknews.com)\ \