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1、IntroductionRonaldH.Coase'sclassicarticle"TheNatureoftheFirm"waspublishedin1937.Thefiftiethanniversaryofsuchaninfluentialpaperisaveryspecialoccasion.Itwasourgreatprivilegeandpleasuretoorganizeaconferencein1987tocelebratethatevent.ProfessorCoasepossessesan
2、unusualmind.Inaddressingsomeofthemostbasicissuesoftheday,hemanagestotransformthedialogueperma-nently.Hehasdonethisnotoncebutrepeatedly.Theformulaevidentlyentailsfirstthinkingtheunthinkable,thenpenetratingandexaminingtheessence,andfinallyexplicatingtheissu
3、esinamorefundamentalwaythanwashithertopossible.Tobesure,thiscanbeembarrassingtoothers.Whatisonetodowitha"gift"thateludesanalysisyetgoestothecoreofadiscipline?Onejudiciousresponseistocitecertainpapersinfootnoteswhileproceedingheedlessoftheirmessageinthetex
4、t.Soonerorlater,however-later,asitturnedout,inthisinstance-thestrainmustbeaddressed.ProfessorCoasehasneverbeendeterredbythefactthathewasaheadofhistime.Ithasalwaysbeenbetter,inhisjudgment,toexposestrainsthantoburythem.Thoseofuswhoworkonorareconcernedwithpr
5、oblemsofeconomicorganization,whichistosaytheentireeconomicsprofession,areinhiseverlastingdebt.Wetakethisopportunitytoacknowledgethatcondition.Thepaperspublishedinthisvolumeareinthreeparts.First,andmostJournalofLaw,Economics,andOrganizationvol.4,no.1Spring
6、1988?1988byYaleUniversity.Allrightsreserved.ISSN8756-622212/JOURNALOFLAW,ECONOMICS,ANDORGANIZATIONIV:1,1988important,arethreelecturesbyRonaldCoaseinwhichheexaminestheorigins,meaning,andinfluenceofhis1937paper.Sixinvitedconferencepapersappearnext.Tworelate
7、dpapersthatbearcloselyonthenatureofthefirmcompletethevolume.Astheconferenceandrelatedpapersdisclose,researchontheeconomicsoforganizationiscurrentlyinastateofferment.Realprogressnotwithstand-ing,manyissuesremainunsettledandsomearejustbeginningtobead-dresse
8、d.Consideringthevarietyofapproachesandresearchtalentsthatarebeingappliedtothisarea,however,welookforwardwithconfidencetothenexttenandevenfiftyyears.WefurthermoreconsiderourselvesfortunatethatRonaldCoasecontinuestota
