Coase and the Economics of Crime
DOI:
https://doi.org/10.62374/6wp3xg22Keywords:
social cost, neo-institutionalism, disputes, public policy, crimeAbstract
'The problem of social cost' is a major piece of Coase’s legacy. It constitutes the foundation of the neo-institutionalism movement. This article tries to provide a solution to situations characterized by disputes on the use of resources. We propose a libertarian and Rothbardian re-examination. In the first section, the Coase theorem is the object of a personal appraisal. The second section stresses the common points between the Coasian approach and the classical school of the economics of crime. The third section examines approach the consequences of both of these theories for public policy.
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