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Quote by Ronald Coase

“It is clear that these are alternative methods of co-ordinating production. Yet, having regard to the fact that, if production is regulated by price movements, production could be carried on without any organization at all might we ask, why is there any organization?”

Quote by Ronald Coase

Author

Ronald Coase was a prominent economist known for his significant contributions to the economic analysis of law and the theory of the firm. Born on December 29, 1910, in Largs, Scotland, Coase passed away on September 2, 2013. His work on transaction costs has had a lasting impact on the field of economics. more

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