Firma, rynok i pravo
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This book presents the collected articles by a prominent economist of the XXth century, Nobel Prize Laureate in economics in 1991 Ronald Coase. He put forward a number of unconventional arguments, protecting market economy from state interference. Having analyzed well-known examples of “market failures”, demanding state interference in its work, Coase came to the conclusion that such failures of the market mechanism are connected not with the surplus, but insufficient distribution of property rights.
