Ronald Coase and Vito Corleone

I have posted a revised and enlarged draft of my essay “Coase and the Corleones” to SSRN. This short work will be published next year in Joshua Heter and Richard Greene’s forthcoming book: The Godfather and Philosophy: We’re Gonna Make’em an Argument They Can’t Refute (Open Court), which you can pre-order here.

prior probability

The Godfather premiered fifty years ago in March of 1972. In honor of the 50th anniversary of the wide domestic release of this classic film, I just posted an essay to SSRN titled “Coase and the Corleones“. By way of background, one of the most influential ideas in legal, moral, and political philosophy is John Stuart Mill’s harm principle, i.e. the notion that people should be free to do or say whatever they wish unless their actions or words cause harm to somebody else. The work of Ronald Coase, however, shows us why the harm principle is logically incoherent. Aside from the difficulty of defining what counts as a harm, the main problem with the harm principle is that harms are often reciprocal in nature. That is, most harms are, logically speaking, either the direct or indirect result of both the wrongdoer’s and the victim’s decisions. In my…

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About F. E. Guerra-Pujol

When I’m not blogging, I am a business law professor at the University of Central Florida.
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2 Responses to Ronald Coase and Vito Corleone

  1. That was a great paper!!

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