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Undermining Property Rights: Coase and Becker

  • The Journal of Libertarian Studies
Gary North

Tags Free MarketsMonetary Theory

“Coase, get your cattle off my land.” –Walter Block 

In one sentence, Walter Block called into question Ron Coase’s central conclusion in his now-famous theorem, namely, that the original distribution of ownership would not affect the allocation of scarce resources in a free market, if there were no transaction costs.

Volume 16, Number 4 (2002)

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North, Gary. "Undermining Property Rights: Coase and Becker." Journal of Libertarian Studies 16, No. 4 (2002): 75–100.