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A case of mistaken identity: George Stigler, “The Problem of Social Cost,” and the Coase theorem

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  • Steven Medema

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  • Steven Medema, 2011. "A case of mistaken identity: George Stigler, “The Problem of Social Cost,” and the Coase theorem," European Journal of Law and Economics, Springer, vol. 31(1), pages 11-38, February.
  • Handle: RePEc:kap:ejlwec:v:31:y:2011:i:1:p:11-38
    DOI: 10.1007/s10657-010-9196-5
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    References listed on IDEAS

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    1. Stigler, George J, 1984. " Economics-The Imperial Science?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 86(3), pages 301-313.
    2. Nahid Aslanbeigui & Steven G. Medema, 1998. "Beyond the Dark Clouds: Pigou and Coase on Social Cost," History of Political Economy, Duke University Press, vol. 30(4), pages 601-625, Winter.
    3. Dahlman, Carl J, 1979. "The Problem of Externality," Journal of Law and Economics, University of Chicago Press, vol. 22(1), pages 141-162, April.
    4. Reder, Melvin W, 1982. "Chicago Economics: Permanence and Change," Journal of Economic Literature, American Economic Association, vol. 20(1), pages 1-38, March.
    5. Stigler, George J, 1992. "Law or Economics?," Journal of Law and Economics, University of Chicago Press, vol. 35(2), pages 455-468, October.
    6. Steven G. Medema, 2000. "“Related Disciplines”: The Professionalization of Public Choice Analysis," History of Political Economy, Duke University Press, vol. 32(5), pages 289-324, Supplemen.
    7. Coase, R H, 1993. "Law and Economics at Chicago," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 239-254, April.
    8. Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
    9. Richard A. Posner, 1993. "Ronald Coase and Methodology," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 195-210, Fall.
    10. Stigler, George J., 1982. "The Process and Progress of Economics," Nobel Prize in Economics documents 1982-1, Nobel Prize Committee.
    11. F. H. Knight, 1924. "Some Fallacies in the Interpretation of Social Cost," The Quarterly Journal of Economics, Oxford University Press, vol. 38(4), pages 582-606.
    12. Richard A Posner & Francesco Parisi (ed.), 2013. "The Coase Theorem," Books, Edward Elgar Publishing, volume 0, number 14618.
    13. Stigler, George J., 2003. "Memoirs of an Unregulated Economist," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226774404.
    14. George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213-213.
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    Citations

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    Cited by:

    1. Marciano, Alain, 2012. "Guido Calabresi's economic analysis of law, Coase and the Coase theorem," International Review of Law and Economics, Elsevier, vol. 32(1), pages 110-118.
    2. repec:cai:repdal:redp_274_0579 is not listed on IDEAS
    3. Stéphane Gonzalez & Alain Marciano, 2017. "De nouveaux éclairages sur le théorème de Coase et la vacuité du cœur," Revue d'économie politique, Dalloz, vol. 127(4), pages 579-600.
    4. Elodie Bertrand, 2011. "What do cattle and bees tell us about the Coase theorem?," European Journal of Law and Economics, Springer, vol. 31(1), pages 39-62, February.
    5. Altuð YALÇINTAÞ, 2015. "James R. Wible, The Economics of Science: Methodology as if Economics Really Mattered," Journal of Economics and Political Economy, KSP Journals, vol. 2(1s), pages 223-227, May.
    6. Ana Lourenço, 2013. "In memoriam of Professor Ronald Coase," Working Papers de Economia (Economics Working Papers) 06, Católica Porto Business School, Universidade Católica Portuguesa.
    7. Kirk D. Johnson & Steven G. Medema & Warren J. Samuels, 2014. "The 8th Duke of Argyll, the Economics of Land Tenancy, and Stigler’s "Coase Theorem"," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2014(2), pages 5-28.
    8. Gary D. Libecap, 2016. "Coasean Bargaining to Address Environmental Externalities," NBER Working Papers 21903, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Coase theorem; Externalities; Coase; Stigler; Transaction costs; B20; B31; K00; Q50;

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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