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Munger on Coase

Over at Kids Prefer Cheese, Mike Munger has a really good post celebrating Ronald Coase’s 100th birthday.

My favorite part of Mike’s post is about reading classic works of economics and is a nice counterpart to my recent post on writing:

“The point is that we should READ the classics, not just cite them. Especially when we cite them wrong. Both Coase and Pigou are much more subtle than the caricature they generally get in intermediate micro classes.”

EDIT: Mike’s Twitter feed tells me he was to have a vitrectomy this morning. I wish him good luck and a speedy recovery.