Dr. Glenn Fox is an agricultural and natural resource economist. He has been a member of the University of Guelph's Department of Agricultural Economics and Business since 1985. He served as acting department chairman in 2001-2002. Previously he taught in the economics department of the University of Western Ontario. Dr. Fox completed his Phd in Applied Economics at the University of Minnesota. His research interests include methodology, property rights and natural resource stewardship, regulatory takings, ecoonomic theories of the firm, Austrian economics, technological change, trade and environment, transaction costs, and competition policy. His most recent book is: Reason and Reality in the Methodology of Economics (Edward Elgar Publishing U.K. 1997). Dr. Fox has been a guest speaker at Civitas and Constitutional Law Conferences.

Recent Publications 2008:

The “Coase theorem,” in one respect, is a triumph of social science
scholarship. Web searches using “Coase theorem” as key words typically
yield over 100,000 hits. Economists, legal scholars, environmentalists,
and political scientists have written volumes on the theorem.
Few ideas written by economists in the 20th century have been as
widely debated. And the debating continues, 47 years after the publication
of “The Problem of Social Cost” (Coase 1960), the essay
recognized as the source of the ideas in question. There is only one
problem: Ronald Coase maintains that the theorem that bears his
name conveys an idea that is antithetical to the message that he
intended.
My view is that virtually all of the criticism of the Coase theorem
fails to appreciate the actual message that Coase intended with “Social
Cost” and is, therefore, essentially irrelevant. Tragically, because
we have focused on what he was not saying, we have not grasped what
he was saying. Consequently we have been neither sufficiently appreciative
nor sufficiently critical of his actual message.