What'd I Say?: Coase, Demsetz and the Unending Externality Debate

You Say Periklute, I Say Paraclete: Towards a Reconciliation Between the Bible and the Quran

The Quranic statement that Jesus predicted Muhammad by name is examined in light of the expectation of what the “kingdom of God” was. The concept of the kingdom of God as being the light or fire of the Holy Spirit at Pentecost is contrasted with the Sufi concept of the “Light of Muhammad.” Pentecost could be the Light of Muhammad coming upon the apostles of Christ; the Light is the same, but kn...

The core disagreement between Pigou, the profession, and Coase in the analyses of the externality question

The source of disagreement between Pigou, the profession, and Coase in regard to the externalities is thought to be transaction cost. Coase shows that the traditional prescription for remedying externality problems can be wrong if transaction cost is positive. But Pigou did recognize that positive transaction cost played a role in creating externality problems even though the profession later f...

Toward a Clarification of the Block-Demsetz Debate on Psychic Income and Externalities

For over a quarter of a century, one small corner of the voluminous literature on the Coase theorem has been the scene of an animated and, at times, heated debate between Walter Block and Harold Demsetz. Over the entire course of the debate, Block (1977, 1995, 2000) has argued that when individuals have only psychic income with which to maintain their property rights, the Coase theorem fails. A...

You say goodbye and I say hello.

A s outgoing Chief Editor of the European Respiratory Review (ERR), I am delighted to be able to share with you some facts and thoughts in this farewell editorial. Over the last 4 yrs, the new ERR has grown and matured thanks to the leadership of an international editorial board and the outstanding support of the Publications Office. In this new era for the ERR, our aim was to further enhance s...

Angiotensin Receptor Blockers for the Prevention of Atrial Fibrillation Recurrences: Unending Hot Debate.