RonaldCoase

Economist, often discussed for these things :

• companies exist because internal TransactionCosts (holding onto staff, paying regular salary benefits) is lower than market transaction costs (finding and temporarily hiring on open market) (See also : AlternativesToCompanies, TheMarketLogicOfInformation)

• externalities aren't a problem for the market. (if I polute the lake, someone will have an economic incentive to clean it up - though not necessarily me) (See also OnExternalities, NetworkExternalities)

• light-houses (See also FundingLightHouses)

https://promarket.org/2021/09/19/ronald-coase-chicago-school-history/

Seems he's misinterpreted :

http://www.nakedcapitalism.com/2013/09/thinking-like-coase-not-an-economist.html

Contrast :

• CorporationAsFoam
• How to legally own another person More power over contractors has stability benefits
• (WarpLink) GrandStrategy

See also :

• MediaValueChain

CategoryPerson, CategoryEconomics