This talk was originally delivered on April 2, 2002 at the University of Missouri at Columbia at the invitation of the Contracting and Organizations Research Institute. The text was transcribed from videotape and edited by Alexandra Benham and Professor Coase. It originally appeared in in the Newsletter of the International Society for New Institutional Economics, Volume 4, Number 1 (Summer 2002). With the permission of the Coase Society, we are now pleased to make it available to the general public – editor.
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