Ronald Coase is best known for two different works, "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). What's become known as the "Coase t

Ronald Coase is best known for two different works, "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960). What's become known as the "Coase theorem" is from the latter. The common thread between the two is that they're both ultimately about transaction costs.