The Way Things Work: The Empirical Bent of Economists—Ronald Coase on George Stigler
2020
Ronald Coase and George Stigler share an affection and a great deal of respect for each other. Yet, in Coase’s own words, Stigler definitively failed to comprehend the work, method and objective of his work. Coase continued to see himself as residing firmly within the tradition of Stigler’s teacher, Frank Knight, while Stigler prided himself on his break and ultimate detachment from the Chicago figure who dominated the department between the World Wars. In this conversation, Coase discusses his own work, that of George Stigler and even the infamous Coase Theorem.
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