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The Coase Theorem and The Division of Academic Labor
Oleh:
Daly, George
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
JAPAN AND THE WORLD ECONOMY vol. 7 no. 1 (1995)
,
page 79-84.
Topik:
academic
;
coase theorem
;
division
;
academic labor
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ47.5
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The extensive research in “transaction cost economics” motivated by the work of Ronald Coase seems to take place mostly in business and law schools and not in traditional economics departments where the vast majority of economists practice and the next generations are trained. This paper examines why the Coase program has not revolutionized economics. First, it reflects the unwillingness of Coase to use mathematical tools or the Walrasian paradigm. Second, the clientele of professional schools are less willing to tolerate abstraction acceptable to those of the economics departments. But the continuation of such division will hinder the quest for understanding economic life.
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