Ronald H. Coase (1910–2013)

Alain Marciano

Post-Print from HAL

Abstract: The purpose of this chapter is to link Ronald Coase's methodological approach to what he 'learned' when he was at the London School of Economics (LSE) from Edwin Cannan and Arnold Plant. The main lesson Coase taught us and insisted upon was that economics should not be too 'abstract' and should not rely on a priori categories. He pleaded for more realism in economics, for a form of 'political economy': economists should use theory to generalise what facts tell us rather than trying to interpret facts by using a priori and abstract categories. This conception of economics is closer to the LSE of Cannan and Plant than to the Chicago of Stigler, Friedman, Becker, or Posner.

Keywords: Coase; methodology; realism; Plant; Cannan; political economy; common sense; Chicago; LSE (search for similar items in EconPapers)
Date: 2019-07-11
New Economics Papers: this item is included in nep-his and nep-hpe
Note: View the original document on HAL open archive server: https://hal.science/hal-02306814
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in The Palgrave Companion to LSE Economics, Palgrave Macmillan UK, pp.555-577, 2019, ⟨10.1057/978-1-137-58274-4_22⟩

Downloads: (external link)
https://hal.science/hal-02306814/document (application/pdf)

Related works:
Chapter: Ronald H. Coase (1910–2013) (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02306814

DOI: 10.1057/978-1-137-58274-4_22

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().