If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, "what would I do if I were a horse?"


R.H. Coase in speech to the "International Society of New Institutional Economics" the 17 September 1999, Washington DC. He claims he was quoting fellow economist Ely Devons which reportedly said this in a meeting

Ronald Coase Quotes

If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, what would I do if I ...

If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, what would I do if I ...

If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, what would I do if I ...

If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, what would I do if I ...