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Autor:
Steven G. Medema
Publikováno v:
SSRN Electronic Journal.
Economists typically locate the origins of the theory of externalities in A.C. Pigou’s The Economics of Welfare (1920, 1932), where Pigou suggested that activities which generate uncompensated benefits or costs—e.g., pollution, lighthouses, scien
Autor:
Steven G. Medema
Publikováno v:
Journal of the History of Economic Thought. 36:271-303
The year 1966 was central to the history of the Coase theorem debates, featuring the entry of the idea of a ‘Coase theorem’ into economic discourse and the eruption of the controversy over the the correctness of Coase’s negotiation result. This
Autor:
Steven G. Medema
Publikováno v:
Journal of Institutional Economics. 11:353-378
The Coase theorem, circa the 1970s, had no settled meaning or content; instead, that meaning and content was created – and in differing ways – by the modeling choices of scholars who attempted to grapple with and assess the proposition that Coase
Autor:
Steven G. Medema
Publikováno v:
History of Economics Review. 59:1-19
This article examines the debate over the Coase theorem that played out in the Economic Record during the 1970s. This case is uniquely illustrative of the issues with which economists and legal scholars grappled in assessing the Coase theorem’s cor
Autor:
Steven G. Medema
Publikováno v:
Revue économique. 65(2):243-261
Le theoreme de Coase occupe une place importante dans l’histoire de la theorie economique moderne. Sa consequence selon laquelle la performance economique est independante des institutions a pose de grandes difficultes aux economistes, a la fois da
Autor:
Steven G. Medema
Publikováno v:
Review of Environmental Economics and Policy. 8:39-57
This article examines the first two decades of the history of the Coase theorem in environmental economics, a period during which the theorem's validity was widely acknowledged but its relevance for economic analysis of environmental issues was almos
Autor:
Tiago Mata, Steven G. Medema
Publikováno v:
History of Political Economy
The essays in this volume examine the economist as public intellectual. Rather than assessing the changing status of the public intellectual in culture or attempting to define the identity of the public intellectual, our approach is to study the publ
Autor:
Steven G. Medema
Publikováno v:
Journal of Natural Resources Policy Research. 5:249-253
The publication of Ronald Coase’s article, ‘The Problem of Social Cost’ (1960), led to a fundamental rethinking of the economic theory of externalities and of market failure generally. While this a...
Autor:
Steven G. Medema
Publikováno v:
Œconomia, Vol 3, Iss 1, Pp 61-86 (2013)
The rational choice or “economic” approach to politics—public choice analysis—brought the self-interest axiom into the analysis of the political sector as part of a move to provide a model of political behavior useful for economic policy anal