2019 Coase Lecture - Jennifer Nou " The Nature of the Agency"

1/22
Add to Calendar 2019-01-22 12:15:00 2019-01-22 13:20:00 2019 Coase Lecture - Jennifer Nou " The Nature of the Agency" Event details: https://www.law.uchicago.edu/events/2019-coase-lecture-jennifer-nou - University of Chicago Law School web@law.uchicago.edu America/Chicago public
Room II
1111 East 60th Street, Chicago, Illinois 60637
Open to the public

In The Nature of the Firm, Ronald Coase argued that private firms arise because of market transaction costs. His theory yielded predictions about the scope of firms and their internal design. What power, if any, do these insights have for understanding administrative agencies? After all, social scientists have long conceived of political actors as engaged in market-like transactions. The lack of profit-maximization and price signals, however, has also drawn skepticism about the parallels. These questions will be explored amidst contemporary debates about the administrative state.

Lunch will be provided.