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Blogs by James Hill

James is a PhD student at King's College London. He is researching the question of whether inequality is an externality that should be removed by government.

  • The Coase Theorem

    The Coase Theorem

    | Economy
    As a colleague once said to me, “There’s a good reason why Coase called his article ‘The Problem of Social Cost’.” The reason is that, as Coase realized, there are no easy answers to instances where individuals impose costs on each other.The Coase Theorem (a term coined by George Stigler) ...