Costing secrecy

Mark Harrison, 15 January 2014

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From public finance to climate change, democracy looks to be in trouble. In many Western countries, political decisions are gridlocked while economic, social, and environmental imbalances accumulate. Our leaders juggle public opinion, private lobbies, and expert advice while trying to live within past promises and present legal obligations.

Topics: Economic history, Politics and economics
Tags: autocracy, democracy, dictatorship, secrecy, Soviet Union, transaction costs

Finding his own way: Ronald Coase (1910-2013)

Steven Medema, 18 September 2013

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Ronald Coase, who passed away last week at the age of 102, left an indelible mark on both economics and law. In 1991 he was awarded the Nobel Memorial Prize in Economic Sciences in recognition of his work on transaction costs and property rights.

Topics: Institutions and economics
Tags: case studies, history of economic thought, institutions, methodology, transaction costs

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