Ronald Coase Importance Quotations

There is no doubt that the recognition by economists of the importance of the role of the firm in the functioning of the economy will prompt them to investigate its activities more closely.

You should not forget that without all the work in law and economics, a great part of which has been supported by the John M. Olin Foundation, it is doubtful whether the importance of my work would have been recognized.

What I have done is to show the importance for the working of the economic system of what may be termed the institutional structure of production.