Saving Economics from the Economists — Ronald Coase

Great new arti­cle in HBR by Ronald Coase title “Sav­ing Eco­nom­ics from the Economists”

The main point of the article?…“The tools used by econ­o­mists to ana­lyze busi­ness firms are too abstract and spec­u­la­tive to offer any guid­ance to entre­pre­neurs and man­agers in their con­stant strug­gle to bring novel prod­ucts to con­sumers at low cost.”

That says it all.

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