I’d Like to Buy the World a Coase

You can find some wonderful things on SSRN. Here’s a paper that sounds like a plan for world peace:

I show that in a true Coasean world – a world with no transaction costs – there would be no disagreement on moral questions. . . . There would be no disagreement on the question of capital punishment or abortion.

I’d like to buy the world a Coase, too . . . . or at least improve education. As the world approaches DeLillan surreality, perhaps it’s time to send in the clowns.

You may also like...