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Coase on Posner on Coase: Comment

After reading Richard PosNER's [1993] paper I felt that I could not remain silent. When the conference was over Rudolf Richter asked me to write up my remarks for this journal. I have therefore reconstructed what I said from my notes. What one says in an oral presentation is not always appropriate in print but on this occasion I felt obliged to comply with Richter's request.


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