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A professor at the Graduate School of Business at the University of
Chicago in the 1960s and a primary figure in Chicago School
Economics and in the field of Law and Economics, Harold Demsetz has
contributed original research on the theory of the firm, regulation
in markets, industrial organisation, anti-trust policy, transaction
costs, externalities, and property rights. A member of the American
Academy of Arts and Sciences and a Director of the Mont Pelerin
Society, Demsetz is Arthur Andersen UCLA Alumni Emeritus Professor
of Business Economics. Mark Grady, Professor of Law and Director of
the UCLA Law School's Center for Law and Economics, interviews his
former teacher at UCLA about the main issues and problems at the
core of Demsetz's lifetime investigation into the nature of
economics. Ken Lehn, Sam Peltzman, and Ben Klein provide critical
and insightful commentary on the influence and impact of Harold
Demsetz's work. This work's approximate running time: 86 minutes.
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