Thanks to Steve Medema for his reference to my participation in the 1966
discussion where Bob Haveman brought up "the Coase Theorem". Congratulations
to Steve for his extraordinary memory, or efficient search engine, or
something - I had totally forgotten the occasion. It was a different world:
LBJ's cabinet included radicals like Ray Marshall and Ramsey Clark. LBJ
consorted openly with Helen Gahagan Douglas and it never became a campaign
issue, and he was morphing from the peace candidate and "Great Society" guy
of 1964 to the hawk of Viet Nam. How the world has turned.
And thank goodness for the HES where "being history" does not mean deceased
or irrelevant.

Mason Gaffney