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In an op-ed, Research Scholar Robert Frank discusses the late Ronald Coase's research

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Excerpt from The New York Times -- "Mr. Coase’s work cannot be read as a case for minimal government. On the contrary, his message was more purely pragmatic: Because we can’t negotiate efficient private solutions most of the time, we must ask whether laws and other institutions can help steer us toward solutions we would have chosen if negotiation had been practical."

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