Bryan Caplan, David Henderson, and Arnold Kling

Property Rights

A Category Archive (2 entries)

Armen Alchian

Efficient Markets Hypothesis
David Henderson
In this month's Featured Article, Fred McChesney pays tribute to the work of Armen Alchian and makes the case that he deserves the Nobel prize in economics. I already knew most of what McChesney writes because, after all, I studied... MORE

What Would Coase Say?

Property Rights
David Henderson
Ronald Coase won the Nobel prize for, in part, what has become known as the Coase Theorem. According to this theorem, if people could bargain at low cost, there would be no problem of externalities and, indeed, the outcome would... MORE

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