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Coase on the nature of economics


  • Ning Wang


Recent writings on Coase's methodology largely focus on method, at the risk of underappreciating his substantive view of economics. That economics has as its subject matter the working of the real world economic system is Coase's main methodological message and is also the key to understanding Coase's other methodological concerns. Coase's methodological position is illustrated in this paper by comparing him with other economists in terms of their differing research programmes informed by their methodological stances. Along the way, this paper outlines the new institutional economics, a research programme inspired by Coase's methodology. Copyright 2003, Oxford University Press.

Suggested Citation

  • Ning Wang, 2003. "Coase on the nature of economics," Cambridge Journal of Economics, Oxford University Press, vol. 27(6), pages 807-829, November.
  • Handle: RePEc:oup:cambje:v:27:y:2003:i:6:p:807-829

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    Cited by:

    1. Simon Janßen & Uschi Backes-Gellner, 2009. "Skill Obsolescence, Vintage Effects and Changing Tasks," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 55(1), pages 83-103.
    2. Michel Marchesnay, 2006. "Galbraith : d'un institutionnalisme à l'autre ?," Innovations, De Boeck Université, vol. 23(1), pages 31-48.
    3. Mario García Molina & Liliana Chicaíza Becerra, 2013. "Las decisiones de los economistas: Coase y los sesgos cognitivos en el trabajo teórico," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 15(29), pages 21-39, July-Dece.
    4. Siri Terjesen & Ning Wang, 2013. "Coase on entrepreneurship," Small Business Economics, Springer, vol. 40(2), pages 173-184, February.

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