Toggle navigation
Home
Topics
Authors
Professions
Picture Quotes
Users
Join Us Now!
Login
Ronald Coase Quotes
Changes like the telephone and telegraphy, which tend to reduce the cost of organizing spatially, will tend to increase the size of the firm.
~ Ronald Coase
Changes
Cost
Firm
Increase
Like
Organizing
Reduce
Size
Telephone
Tend
Which
Will
design
copy
Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are commonly disposed of by auction.
~ Ronald Coase
Art
Auction
Commonly
Dealers
Despite
Efforts
Existing
Given
Limited
Number
Paintings
Time
design
copy
During the two centuries since the publication of 'The Wealth of Nations,' the main activity of economists, it seems to me, has been to fill the gaps in Adam Smith's system, to correct his errors and to make his analysis vastly more exact.
~ Ronald Coase
Activity
Adam
Analysis
Been
Centuries
Correct
Economists
Errors
Exact
Fill
Gaps
Has-Been
His
Main
Make
Me
More
Nations
Publication
Seems
Since
Smith
System
Two
Vastly
Wealth
design
copy
Economics as currently presented in textbooks and taught in the classroom does not have much to do with business management, and still less with entrepreneurship.
~ Ronald Coase
Business
Classroom
Currently
Does
Economics
Entrepreneurship
Less
Management
Much
Presented
Still
Taught
Textbooks
design
copy
I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive transaction costs.
~ Ronald Coase
Analysis
Costs
Economy
Positive
Regard
Stepping
Stepping Stone
Stone
Tend
Theorem
Transaction
Way
design
copy
I'm no enthusiast for the Coase Theorem. I don't like it, but it's widely used.
~ Ronald Coase
Enthusiast
Like
Theorem
Used
Widely
design
copy
In my long life, I have known some great economists, but I have never counted myself among their number nor walked in their company.
~ Ronald Coase
Among
Company
Counted
Economists
Great
Known
Life
Long
Long Life
Myself
Never
Nor
Number
Some
Walked
design
copy
I've been wrong so often, I don't find it extraordinary at all.
~ Ronald Coase
Been
Extraordinary
Find
Often
Wrong
design
copy
People have used my views for purposes which are very different from mine.
~ Ronald Coase
Different
Mine
People
Purposes
Used
Very
Views
Which
design
copy
Roughly speaking, when you are dealing with business firms operating in a competitive system, you can assume that they're going to act rationally. Why? Because someone in a firm who buys things at $10 and sells them for $8.00 isn't going to last very long in that firm.
~ Ronald Coase
Act
Assume
Because
Business
Buys
Competitive
Dealing
Firm
Going
Last
Long
Operating
Rationally
Roughly
Sells
Someone
Speaking
System
Them
Things
Very
Who
Why
You
design
copy
Technology is at a point where we should allow multiple parties to occupy the same spectral space.
~ Ronald Coase
Allow
Multiple
Occupy
Parties
Point
Same
Should
Space
Technology
Where
design
copy
The law of property determines who owns something, but the market determines how it will be used.
~ Ronald Coase
Determines
How
Law
Market
Owns
Property
Something
Used
Who
Will
design
copy
The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price mechanism. The most obvious cost of 'organizing' production through the price mechanism is that of discovering what the relevant prices are.
~ Ronald Coase
Cost
Discovering
Establish
Firm
Main
Main Reason
Mechanism
Most
Obvious
Organizing
Price
Prices
Production
Profitable
Reason
Relevant
Seem
Through
Using
Why
Would
design
copy
The pollution problem is always seen as someone who was doing something bad that has to be stopped. To me, pollution is doing something bad and good. People don't pollute because they like polluting. They do it because it's a cheaper way of producing something else.
~ Ronald Coase
Always
Bad
Because
Cheaper
Doing
Else
Good
Good People
Like
Me
People
Polluting
Pollution
Problem
Producing
Seen
Someone
Something
Something Else
Stopped
Way
Who
design
copy
The tools used by economists to analyze business firms are too abstract and speculative to offer any guidance to entrepreneurs and managers in their constant struggle to bring novel products to consumers at low cost.
~ Ronald Coase
Abstract
Analyze
Any
Bring
Business
Constant
Consumers
Cost
Economists
Entrepreneurs
Guidance
Low
Low-Cost
Managers
Novel
Offer
Products
Speculative
Struggle
Too
Tools
Used
design
copy
There is no doubt that the recognition by economists of the importance of the role of the firm in the functioning of the economy will prompt them to investigate its activities more closely.
~ Ronald Coase
Activities
Closely
Doubt
Economists
Economy
Firm
Importance
Investigate
More
No Doubt
Prompt
Recognition
Role
Them
Will
design
copy
What I have done is to show the importance for the working of the economic system of what may be termed the institutional structure of production.
~ Ronald Coase
Done
Economic
Economic System
Importance
Institutional
May
Production
Show
Structure
System
Working
design
copy
You get more irrationality within the family and in consumer behavior than you get, say, in the behavior of firms in their purchases.
~ Ronald Coase
Behavior
Consumer
Family
Get
More
Purchases
Say
Than
Within
You
design
copy
You should not forget that without all the work in law and economics, a great part of which has been supported by the John M. Olin Foundation, it is doubtful whether the importance of my work would have been recognized.
~ Ronald Coase
Been
Doubtful
Economics
Forget
Foundation
Great
Great Part
Has-Been
Importance
John
Law
Part
Recognized
Should
Supported
Whether
Which
Without
Work
Would
You
design
copy
You wouldn't think there was a need for a Coase Theorem, really.
~ Ronald Coase
Need
Really
Theorem
Think
You
design
copy
Quote Maker
×
download
High Quality
BG
Logo
Watermark
W BG
×
Please use a modern browser as Chrome. The browser you are using doesn't have this feature.
Please use a modern browser as Chrome. The browser you are using doesn't have this feature.
Related Books
Author Profile
Votes :
Rating :
AuthorName
Ronald Coase
Profession
Economist
BirthDate
29 December, 1910
DeathDate
02 September, 2013
Country
United Kingdom
View Profile
Share to your friends..
Related Author
Alfred Marshall
Angus Deaton
Clive Granger
David Ricardo
Dudley North
E. F. Schumacher
Evan Davis
Gus O'Donnell
James Meade
John Maynard Keynes
Nassau William Senior
Nicholas Stern
Ronald Coase
Thomas Malthus
Tim Harford
Tim Jackson
William Beveridge
William Petty
view more
Share quotes with
Quote Fellas
Join Quote Fellas
Like Us!!
Quote Fellas
Popular Topics
Attitude
Death
Inspirational
Life
Love
Motivational
Nature
Positive