Essays on Economics and Economists.

COASE, Ronald H.

$2,800.00

Item Number: 3919

Chicago: University of Chicago Press, 1994.

First edition of this collection of articles by the Nobel Prize-winning economist. Octavo, original cloth. Inscribed and dated by Ronald Coase on the title page. Fine in a fine dust jacket.

This is a series of 15 essays written by the 1991 Nobel laureate in economics. Unlike most such collections, the essays are not primarily about Coase's work. The first half of the book contains essays on methodology: what economists do and how they do it. Coase's explanations are thought-provoking. As Coase demonstrates, economics in its theoretical and empirical work is more normative than most economists would prefer to believe. Simple principles are often ignored, replaced by complex ones beyond the ken of economics. The remaining essays are biographical sketches that focus primarily on famous English economists such as Adam Smith and Alfred Marshall. These essays provide insight into the roots of modern economics.