Ronald Coase and the legal system: about the Nobel Prize in Economics 1991

Authors

  • Alfredo Bullard G.

DOI:

https://doi.org/10.21678/apuntes.28.327

Keywords:

Economics, law, economic theory, institutional economics

Abstract

This article summarizes and explains the scope of the zoork developed by Ronald Coase whereby he won the Nobel Prize in Economy. The author not only analyzes Coase's contribution to the Economic Theory but mainly his contribution to understand the design of legal institutions and systems. This part includes a general analysis of the two key articles of Coase's Theory: 'The Nature of the Firm' and 'The Problem of the Social Costs'. These articles outline the 'transaction cost' concept, which helps us to understand both the Economy as well as the Law institutional designs.

Downloads

Download data is not yet available.

Downloads

Published

1991-12-10

How to Cite

Bullard G., A. (1991). Ronald Coase and the legal system: about the Nobel Prize in Economics 1991. Apuntes. Social Sciences Journal, (28), 65–71. https://doi.org/10.21678/apuntes.28.327

Issue

Apuntes 28

Section

Articles

License

Apuntes publishes all its articles and reviews under a Creative Commons Attribution (CC BY 4.0) license with the objective of promoting academic exchange worldwide. Therefore, articles and book reviews can be distributed, edited, amended, etc., as the author sees fit. The only condition is that the name of the author(s) and Apuntes. Revista de Ciencias Sociales (as the publisher) be cited.