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Ronald Coase

A collection of 2 issues

Diamonds are Forever - Cartel and Monopoly

I'm posting a 14-part series of mini-essays on diamonds (but really about the economic point of view). Here's part 7. Cartel and Monopoly Besides the Diamond-Water Paradox, diamonds probably come up most frequently in economics courses to illustrate issues pertaining to cartels and monopoly. For a

Law and Econ Classics - Of Coase and Cattle

At Grove City College, I teach Law and Economics-a course that explicitly examines how "people expand their options by cooperating." It therefore lies at the heart of "mere economics." In this sermon series of sorts, I'll be posting a summary of classic L&