"Em minha juventude, dizia-se que o que era muito tolo para ser dito poderia ser cantado. Na economia moderna, pode ser expresso em forma matemática." ~ Ronald Coase
Coase became a famous economic thinker based on his "Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). While many younger readers will associate Coase with the University of Chicago and what they understand the field of Law and Economics to be, Ronald Coase didn't join the staff at the University of Chicago Law School until 1964. His formative intellectual background was at the London School of Economics in the 1930s, where Hayek loomed as a large intellectual influence (along with Robbins and Arnold Plant). The ideas behind Coase's examination of the nature of the firm, he told us on numerous ocassions, were born in contemplation of Plants discussion of the socialist calculation controversy and his everyday observations of the organization of business activities during his study trip to the US. As he began teaching, he had to present a lecture on the firm and these ideas clicked.
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