In Ronald Coase interview, surprised to hear the “price system is a very expensive system”, agreeing that “firms act like socialists, because it’s cheaper”. On the recording, around 27:00: Roberts: How did you come to write that paper as an…
Blog Archives
Clay Shirky, “Coase, Collaboration and Here Comes Everybody” (MP3 audio), Econtalk, 2008/10/20
Does the Internet change the theory of the firm (going back to Coase)? Clay Shirky, author of Here Comes Everybody: The Power of Organizing Without Organizations, talks about the economics of organizations with EconTalk host Russ Roberts. The conversation centers…
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