Hanly on Coase: A Comment

Journal Article (Journal Article)

ABSTRACT Ken Hanly's recent article in this Journal (Vol. 9, No. 1, 1992) takes issue with Ronald Coase's approach to resolving problems of externalities, as set forth in his classic paper ‘The Problem of Social Cost’. I argue that Hanly's discussion of Coase misinterprets or inappropriately rejects certain aspects of Coase's analysis, specifically, with regard to the reciprocal nature of externalities and the economic role of government. The resolution of externality problems is presented as an issue of selective normative choice as to whose interests are to count; neither efficiency nor morality claims are uniquely dispositive of the issue. Copyright © 1994, Wiley Blackwell. All rights reserved

Full Text

Duke Authors

Cited Authors

  • MEDEMA, SG

Published Date

  • January 1, 1994

Published In

Volume / Issue

  • 11 / 1

Start / End Page

  • 107 - 111

Electronic International Standard Serial Number (EISSN)

  • 1468-5930

International Standard Serial Number (ISSN)

  • 0264-3758

Digital Object Identifier (DOI)

  • 10.1111/j.1468-5930.1994.tb00095.x

Citation Source

  • Scopus