Yes. I have pointed to Law&Economics (invented by Coase for those who don't know) multiple times in this thread.
I would however also say that Hayek has more to say on the topic and that the parent comment mischaracterized Hayek's arguments.
Little triva, Coase was a student at LSE when Hayek was there in the 30s. They are two of the best and most important economists of this century, both should be studied in depth.
I would however also say that Hayek has more to say on the topic and that the parent comment mischaracterized Hayek's arguments.
Little triva, Coase was a student at LSE when Hayek was there in the 30s. They are two of the best and most important economists of this century, both should be studied in depth.