Abstract
Ronald Coase is considered the father of law and economics, the most famous economist among lawyers and the most famous lawyer among economists. The aim of the article is to present Ronald Coas' thoughts contained in his first famous work titled The Nature of The Firm in the contemporary economical context. The author presents Coase's profile and subjects his work to a critical analysis. Moreover, the aim of the article is to look at the theses contained in the Coase’s work from the point of view of the 21st century modern economy. The article is based mostly on academic literature.
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