This book is the first work dedicated to the key ideas of Nobel
Laureate Ronald Coase on pollution and public goods with
sustainable development in mind from the perspective of an
economist-town planner. The seminal contributions of Ronald Coase,
foretold in the form of the Coase Theorem by another Nobel
laureate, George Stigler, have been much analyzed and often
misinterpreted by friends and foes alike. In this book, Lawrence
Lai attempts to revisit Coase's seminal works and bring to the fore
their importance in economic and urban planning policy analysis.
Coase's comparative institutional approach offers an important
vehicle for the analysis of pressing social issues such as
sustainable development, and all those interested in the creation
of new platforms for performing policy analysis will welcome this
important work.
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