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Steven Medema

@spydermed

Economist and historian of economics @ Duke. Unhealthy fascination with the Coase theorem.

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24.09.2023
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Latest posts by Steven Medema @spydermed

There is no truth to the rumor that there is bbq sauce stain on this flier. That said, there will be good ‘q on offer at the SI, as always. Y’all come join us!

09.02.2026 20:25 👍 5 🔁 0 💬 0 📌 0

There is an article out there that attempts to bring order to the chaos.

16.01.2026 22:38 👍 2 🔁 0 💬 0 📌 0

Absolutely—essential when you start pulling the strings on the theorem’s assumptions and this thinking about those bargaining processes in the real world.

16.01.2026 18:19 👍 2 🔁 0 💬 1 📌 0

I’ll give you monop comp within price theory, as there are moments when it actually matters. (May the blessed Milton and George forgive me.) But game theory is irrelevant in a Coase theorem world thanks to the full and complete information that comes with the zero transaction costs assumption.

16.01.2026 15:27 👍 4 🔁 0 💬 0 📌 0

Geez. Now I can see why I don’t check this site very often!

16.01.2026 13:14 👍 1 🔁 0 💬 1 📌 0

Um …😉

01.01.2026 01:29 👍 1 🔁 0 💬 0 📌 0

For full consideration, applicants should have their completed applications in by January 2, 2026.

16.12.2025 20:05 👍 5 🔁 0 💬 0 📌 0
Front Page | Center for the History of Political Economy

The Center for the History of Political Economy at Duke University is now accepting applications for the 2026-27 Visiting Scholars program.
For a complete description of the program and how to apply, please visit the Center website:

hope.econ.duke.edu

Come join us!

16.12.2025 20:03 👍 22 🔁 10 💬 1 📌 0

Thanks. It really is a great read. I still have the audio tapes (a box or cassettes). Need to digitize them one of these days.

07.12.2025 03:57 👍 2 🔁 0 💬 0 📌 0

I read that story to my students every time I teach my history of economic thought course. The looks on their faces are priceless.

07.12.2025 03:50 👍 2 🔁 0 💬 0 📌 0
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You rang?

18.07.2025 13:59 👍 3 🔁 0 💬 0 📌 0

At the risk of stating the obvious, I have no doubt that Harro would be happy to engage with you on this if you were to contact him via email. (He is not a social media guy.)

And yes, it is a terrific book.

21.06.2025 21:06 👍 1 🔁 0 💬 0 📌 0

That’s one of my best things!

13.05.2025 02:17 👍 1 🔁 0 💬 0 📌 0

Who is Hasan Piker?

12.05.2025 23:37 👍 2 🔁 0 💬 0 📌 0

No, way better. He just wrote my price controls lecture for Econ 101 next spring. Always nice to get a head start on teaching.

11.05.2025 22:55 👍 4 🔁 1 💬 0 📌 0

Go easy on yourself. I threw you off your game by posting something that wasn’t about the Coase theorem.

11.05.2025 03:14 👍 1 🔁 0 💬 1 📌 0

You have a gift for identifying a humorous turn of phrase.

11.05.2025 03:08 👍 1 🔁 0 💬 1 📌 0
Preview
a man in a suit and tie says " thank you thank you " ALT: a man in a suit and tie says " thank you thank you "

If he doesn’t, the court will provide a Heckman correction.

11.05.2025 03:05 👍 2 🔁 0 💬 1 📌 0

I am sui generic!

07.05.2025 23:53 👍 1 🔁 0 💬 0 📌 0
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Who says history of economics research isn’t relevant? Humbled and honored …

07.05.2025 23:47 👍 12 🔁 0 💬 2 📌 0

Smoke and the Bandit.
#WatchTheClassics

03.05.2025 02:21 👍 1 🔁 0 💬 1 📌 0

You need to switch to Wegmans and register for their “insider” program. You get free shit. My trade deficit with them is now down to $600 per month.

07.04.2025 01:57 👍 1 🔁 0 💬 0 📌 0

Priorities FTW.

07.04.2025 01:56 👍 1 🔁 0 💬 0 📌 0
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Shot, chaser.

23.03.2025 15:47 👍 6 🔁 0 💬 0 📌 0

If I disappear after my Econ 101 lecture on international economics in a couple of weeks, at least y’all will know what happened to me. (Upside: I avoid the three weeks of macro lectures.)

17.03.2025 23:07 👍 4 🔁 0 💬 0 📌 0

Amen. Though mine is the 16th-century choral music version. Pure.

13.03.2025 15:57 👍 1 🔁 0 💬 0 📌 0

The Lions sucked until Biden became President.

Casual inference FTW!

11.03.2025 15:33 👍 1 🔁 0 💬 0 📌 0
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Another day, and more winning! Reminds me of the good ol’ days when my Detroit Lions went 0-16. Former glory is being restored!

11.03.2025 14:46 👍 4 🔁 0 💬 2 📌 0
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So much winning.

10.03.2025 20:12 👍 2 🔁 0 💬 0 📌 0

Invest half here and the other half in crypto.

10.03.2025 16:48 👍 0 🔁 0 💬 0 📌 0