What Ronald Coase really thought about environmental protection

09/11/2013 | Defining Ideas

The work of the late economist Ronald Coase, which paved the way for market-based environmental solutions, has been oversimplified in the popular press, writes Richard A. Epstein. Coase's methods are about avoiding extremes in search of effectively and efficiently enabling business and protecting the environment, Epstein argues. "The question is how to strike the right balance," Epstein writes.

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