Part seven of this eight-part work is anchored by a discussion of 1597's Bo
Part seven of this eight-part work is anchored by a discussion of 1597's Boulston case, where the court tried to argue for corn-thieving rabbits as nuisance. Other sections focus on the "reciprocal nature" of the title concept and a dismissal of Pigou's ideas in The Economics of Welfare. Expanding on an earlier essay's arguments about the importance of transaction costs to the growth of the firm, this 1960 work argued that the initial allocation of legal rights doesn't matter when the economic result is efficient, an idea now known as its author's eponymous economic theorem. FTP, identify this classic article by Ronald Coase.
Part seven of this eight-part work is anchored by a discussion of 1597's Boulston case, where the court tried to argue for corn-thieving rabbits as nuisance.
"The Problem of Social Cost"