36 Quotes by Ronald Coase

Technology is at a point where we should allow multiple parties to occupy the same spectral space.

Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm.

You wouldn't think there was a need for a Coase Theorem, really.

You should not forget that without all the work in law and economics, a great part of which has been supported by the John M. Olin Foundation, it is doubtful whether the importance of my work would have been recognized.

Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are commonly disposed of by auction.

Economics as currently presented in textbooks and taught in the classroom does not have much to do with business management, and still less with entrepreneurship.

I'm no enthusiast for the Coase Theorem. I don't like it, but it's widely used.

In my long life, I have known some great economists, but I have never counted myself among their number nor walked in their company.

Changes like the telephone and telegraphy, which tend to reduce the cost of organizing spatially, will tend to increase the size of the firm.