“If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to themselves, "what would I do if I were a horse?"”
Quote by Ronald Coase
Author
Ronald Coase
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