News for all of you from our friends at the Auckland Uni Economics Group. Here’s what they’re inviting you to tomorrow night: an an analysis of why firms exist even though most economic theories say they shouldn’t.
Only three years ago, the winner of the 1991 “Nobel Prize in Economics”, Ronald Coase, died aged 102. He won the prize largely for the ideas contained in his celebrated 1937 paper "The Nature of the Firm", which went unnoticed for around 30-40 years following publication.
When it was “rediscovered” in the 1960s it then went on to transform not just the whole field of economic analysis but many economies around the world.
How did his ideas influence the structure of the NZ economy? And how do the ideas of Coase influence how products are manufactured including the electronic device you using to read this message?
And what is his explanation for why firms even exist?
In this week's seminar, our guest speaker, Julian Darby, will use real life examples to examine the ideas of an economist who some call “Britain’s greatest economist since John Maynard Keynes.” [He’s actually far better than that sounds – Ed.]
We look forward to seeing you there!
DATE: Thursday, August 18
LOCATION: Case Room Two, Level Zero, Auckland Uni School of Business and Economics
(corner Symonds St & Grafton Rd; plenty of easy parking in the basement)
See you there!