Learning and Forgetting the Wisdom of Coase

Learning and Forgetting the Wisdom of Coase / Severin Borenstein, Energy Economics Exchange, 9/09/2013

http://energyathaas.wordpress.com/2013/09/09/learning-and-forgetting-the-wisdom-of-coase/

I was an Assistant Professor at the University of Michigan in 1985 when our downsizing department library put a stack of old journals in the hallway for disposal.  Walking by the pile, I spotted the 1960 Journal of Law and Economics in which Ronald Coase had the lead article, “The Problem of Social Cost.”  I grabbed the issue and it has remained on my shelf ever since, even as I’ve expunged nearly all other hardcopy from my office…


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