Posts tagged Ronald Coase

Explaining Bitcoin to People That Want To Learn, But Are New

Bitcoin is gaining traction among early adopters.  Currently, hundreds of coders are pounding away trying to create things that utilize Bitcoin’s infrastructure so it can be adopted by the masses.  I have tried to explain Bitcoin to people.  It’s difficult …






To Understand Crony Capitalism, Understand George Stigler

“as a rule, regulation is acquired by the industry and is designed and operated primarily for its benefit.”-George Stigler There is a bit of surprise at how the Federal Reserve regulators treated Goldman.  NPR published tapes and there is some …






Innovate On Bedrock Academic Principles

There is a reason we all go to school and study certain theories and certainties illuminated by academic studies.  It’s because they work.  One of the best lines you might hear if you go to the University of Chicago is, …






Net Neut #StoptheSlowLane

Initially when I first heard about the net neutrality debate years ago, I was against it. Mostly, it was the left wing looking to regulate the internet to quell free speech. The debate today isn’t about that. It’s about a …






Raising Taxes and Regulating is Never A Good Idea

“I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.”-Milton Friedman Taxes have been in the news a bit this week.  The topic of internet freedom and net neutrality has too. …






Real World Application of Coase Theory-Wrigley Field

Ronald Coase passed away last week.  He came up with a theory that really changed the trajectory of economic thinking.  His theory is powerful, and when I look at businesses I try to use it to think about their business …






RIP Ronald Coase

  Eddy Elfenbein has a nice post up about Ronald Coase. He was a giant, and I would argue the basis for modern classical economic thought all stems from Coase Theorem. Coase was a professor at the University of Chicago. …






The World of Work Is Changing

Experts and people say the world of work is changing but is it?  In certain worlds it is, but if you are grinding it out in a corporate cubicle somewhere it probably doesn’t feel like it. Although, you have better …






Happy Birthday Ronald Coase! 101 Today

Father of the Coase Theorem. If you don’t know Coase Theorem, you need to master it. It’s a fundamental theory of economics that works in both academics, and real life. He received a Nobel Prize for his work. Here is …