Greenspan on Seattle

JKSCHW at aol.com JKSCHW at aol.com
Sat Jan 15 15:25:05 PST 2000


In a message dated 00-01-15 15:42:13 EST, you write:

<< I'm no economist, thank god, but my sense is that while economists

pay lip service to transaction costs, they really don't take them

that seriously when theorizing. I seem to remember Coase saying that

while everyone acknowledged the importance of his work, it really

didn't influence the discipline that much.

>>

Right, but Posner's a judge and not an economist. --jks



More information about the lbo-talk mailing list