Apr 02 2018 35 mins 14
The general public sure thinks they are -- and sometimes, economists give them good reason to think so. Bob Murphy joins me to discuss (and critique) the Coase Theorem, which purports to solve an important economic puzzle, but which makes methodologically suspect moves that it appears only Austrians may have noticed. (P.S. We're postponing the discussion of Public Choice, mentioned at the beginning, until a future episode.)
