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Coasian economics

Ronald Coase and economic bullying today

All over the world right wing 'think tanks' will be commemorating the work of economist Ronald Coase, who died on the second of September this year (2013) at the age of 102. Unfortunately his work has been used as an excuse to marginalise civil and human rights by making it legally acceptable for the interests of big business and the wealthy to over-rule everyone else’s financial, social and environmental interests. Coase's work is largely responsible for many of the problems of democracy, overpopulation and overdevelopment that are ruining more and more peoples' lives and freedom today. Many of its lesser supporters are naive followers of fashion and don't really understand what they are losing through their innocent embrace of 'efficiency' any more, perhaps, than did the followers of Chairman Mao's 'Great Leap Forward'. (This article is based on an extract from Sheila Newman's forthcoming book, Demography, Territory, Law 2: Land-tenure and the Origins of Capitalism in Britain, Countershock Press, probably early 2014.)
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