The Market for Lemons
"The Market for Lemons: Quality Uncertainty and the Market Mechanism" is a 1970 paper by the economist George Akerlof. It discusses information asymmetry, which occurs when the seller knows more about...
The Market for Lemons - Wikipedia
The Lighthouse in Economics
"The Lighthouse in Economics" is a 1974 academic paper written by British economist Ronald H. Coase.This paper challenges the traditional view that lighthouses are examples of public goods by showing ...
Lucas critique
The Lucas critique, named for Robert Lucas' work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationsh...
Macmillan Committee
The Macmillan Committee, officially known as the Committee on Finance and Industry, was a committee, composed mostly of economists, formed by the British government after the 1929 stock market crash t...
The Nature of the Firm
'The Nature of the Firm' (1937), is an influential article by Ronald Coase. It offered an economic explanation of why individuals choose to form partnerships, companies and other business entities rat...
The Problem of Social Cost
'The Problem of Social Cost' (1960) by Ronald Coase, then a faculty member at the University of Virginia, is an article dealing with economic problem of externalities. It draws from a number of Englis...
The Representation of the Landowners
The Representation of the Landowners (Spanish: La Representación de los Hacendados) is an 1809 economic report written by Mariano Moreno that described the economy of the Viceroyalty of the Río de...
The Representation of the Landowners - Wikipedia