Coase's story is interesting. Yes, he was very conservative. Robert Leeson makes the case that he was responsible for the establishment of the Chicago School. George Stigler was skeptical about Coase's social cost paper, but changed his mind when he realized that the paper could lend Chicago a scientificity that it had previously lacked.
-- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com
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