Ronald Coase, a Pragmatic Voice for Government’s Role/Quotation
From Critiques Of Libertarianism
Mr. Coase’s work cannot be read as a case for minimal government. On the contrary, his message was more purely pragmatic: Because we can’t negotiate efficient private solutions most of the time, we must ask whether laws and other institutions can help steer us toward solutions we would have chosen if negotiation had been practical.
Robert Frank, "Ronald Coase, a Pragmatic Voice for Government’s Role"