The Law School Admission Council

Mitchell Hamline School of Law, positioned in St. Paul, Minnesota offers a rigorous, practice-based experience, preparing graduates to serve shoppers and communities. Our motivated students examine full time or part time, on-campus or partially online in the way that matches their lives. The most outstanding economic analyst of law is 1991 Nobel Prize winner Ronald Coase, whose first major article, The Nature of the Firm , argued that the reason for the existence of corporations (companies, partnerships, and so on.) is the existence of transaction prices. Rational people trade by way of bilateral contracts on open markets until the costs …

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