Essay
Coase and the reason for a company
Stephen Deason examines Coase’s account of the firm, asking what market transactions and internal organization each require a company to coordinate.
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Foundations
The sources, methods, and arguments that made economic reasoning possible.
Essays
Essay
Knight and the limits of a forecast
Stephen Deason examines Knight’s distinction between risk and uncertainty, and why a detailed forecast still needs evidence for its assumptions.
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John Graunt’s Shop Arithmetic
What changed when a London tradesman treated a weekly plague warning as evidence about a city.
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