Ronald Coase is the author of some of the seminal work of modern law and economics. His first paper below was written when he was in his twenties, theother paper is the most cited law review articles of all time. You cannot be unaware of this scholarship, but of course we would like to use the session to explore and challenge the contributions. the format is that we will try and spend equal amounts of time on the two papers by Coase. the paper by Medema is one of many that gauges the significance of Coase’s work.
Coase ‘The nature of the Firm’ (1937) 4 Economica 386 (LINK TO PAPER)
Coase ‘The Problem of Social Cost’ (1960) 3 Journal of Law and Economics 1 (LINK TO PAPER)
Medema ‘Legal Fiction: The Place of the Coase Theorem in Law and Economics’ (1999) Economics & Philosophy 209