On Fri, Dec 26, 2025 at 11:28 AM, Jim Farmelant wrote: > > Actually, he was skeptical of the ways that most mainstream economists > made of those ideas.
This presents an interpretation that is at odds with the standard reception of Coase as supporting deregulation and opposing polluter pays taxation. It did occur to me after I wrote those three abstractions that without transaction costs, uneven information and imperfect competition there would be no need for markets or exchange because cooperation could be substituted for market exchange. If this is what Coase was getting at, he certainly has been misunderstood. -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#39878): https://groups.io/g/marxmail/message/39878 Mute This Topic: https://groups.io/mt/116944738/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
