A Freakonomics Contest: The Coase Theorem Online
Freakonomics schwag is up for offer at the end of this post. As such, it may actually be worth slogging through the brief economics lesson that follows. The Coase Theorem is a somewhat rare species of beast: an economic theory that is both completely counterintuitive and yet often right in practice. The idea is named after Ronald Coase, one of . . .