“If you torture the data long enough, it will confess.”
― Ronald H. Coase (1910-2013)
"Data can't speak for itself; it's up to you to give it a voice. Try to speak truthfully."
― Ronald H. Coase (1910-2013)
"Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world."
― Ronald H. Coase (1910-2013)
"If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to themselves, ‘What would I do if I were a horse?’"
― Ronald H. Coase (1910-2013)
"In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics."
― Ronald H. Coase (1910-2013)
"We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged rather than dispelled by the political organization, exert a strong influence on policy making."
― Ronald H. Coase (1910-2013)
"The law of property determines who owns something, but the market determines how it will be used."
― Ronald H. Coase (1910-2013)
"I'm no enthusiast for the Coase Theorem. I don't like it, but it's widely used."
― Ronald H. Coase (1910-2013)