Corporate Social Responsibility and International
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Tristram West, investigator, Joint Global Change Research Institute, U. of Maryland and U. For many today, political economy means Marxist and nonorthodox explanations of political, legal, and cultural phenomena, and also mainstream ideas by reference to the economic forces they are said to uphold. There has been plenty of confusion surrounding the work of Ronald Coase since his article “ The Problem of Social Cost ” appeared in 1960 – so much, in fact, that two scholars wrote in 1992 that the so-called Coase theorem has “generated a negative externality for economists.” To clear up some of the confusion, we talked with Steven Medema for the next installment of PERC's Q&A series.
Publisher: Routledge (November 1, 2006)
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