British Broadcasting. A Study in Monopoly.

First edition. 8vo. ix, [1], 206 pp. Original red cloth, spine lettered in gilt, dust jacket (spine panel slightly rubbed and toned, faint residue to front turn-in fold from old price sticker, otherwise a very good copy). London, Longmans, Green and Co., The London School of Economics and Political Science.

The Nobel Prize winning economist Ronald Coase's first book-length publication, a study of British radio broadcasting in which Coase scrutinised the cogency of the arguments employed in order to justify the monopoly that existed in British broadcasting at the time under the BBC.

Although Coase is most commonly associated with the Chicago School, he spent much of his early career at the London School of Economics where he undertook detailed studies on public utilities including the evolution of those institutions and the real-world factors that explained their structure. These studies showcased a formidable blend of regulatory analysis and economic history, and were motivated by 'real world' commercial issues or policy questions, paying careful attention to institutional arrangements and historical details such as legal rules and property rights.

Stock Code: 247097