A Conversation with Ronald Coase

Nobel laureate Ronald H. Coase (1910-2013) was recorded in 2001 in an extended video now available to the public. Coase’s articles, “The Problem of Social Cost” and “The Nature of the Firm” are among the most important and most often cited works in the whole of economic literature. Coase recounts how he tried to encourage “economists and lawyers to write about the way in which actual markets operate, and about how governments actually perform in regulating or undertaking economic activities.”

[@AniruddhaKanere]

This is very interesting discussion. Especially the examples discussed are enlightening.

[@jimwest3748]

Coase was magnificent.

[@federicofilippucci5478]

Thank you

[@d23wilson]

Gold!!!!!

[@jamesbowdler609]

I remember when Russ had amazing conversations about economics with heavy hitters, like Romer, Solow, Friedman and Becker, and featured guest stars like Sam Altman (very relevant once again) and Nassim Taleb (admittedly also a heavy hitter, but a prophet/star post 2008) to liven things up. He would go into depth on Econometrics, growth and Trade, with the occasional more light hearted piece. Where is Kremer? Might Thaler come back? We had Shiller fairly recently, but the greats seem to be few and far between, and economic theory light.
I could be wrong, maybe I am suffering from some recency bias, (a full analysis of Citations and Nobel prizes per episode, over time, controlling for length of career, and some other factors, might point towards the answer to that question), but it feels less and less like EconTalk and more and more like Politics and Philosophy hour.
Nowadays, everything is Politics and Philosophy, and it is all lies and bullshit, respectively. I want truth, or at least frameworks to get towards the truth, not musings on morality and postulations about power games.