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I’d like to open a business account cost of atorvastatin 40 mg Coase’s work originated in a market-based hostility to regulation and taxes. But the solution in “The Problem of Social Cost” requires a government to allocate rights and to establish courts to adjudicate them (and enforce payment). And it shows that – at least if government does the job properly of pricing the externalities – neither society nor businesses need suffer under a regulatory regime compared to the theoretical optimal outcome. More crucially, though, the Coase ┬átheorem provides one of the better explanations for how government might actually be useful.

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