Is Ronald Coase's Greatest Impact Yet to Come?

 A Forbes article by Victor W. Hwang

The notion of transaction costs explains a lot.  When most people look at innovation ecosystems like Silicon Valley, for instance, they tend to think of the obvious raw inputs.  They see universities, entrepreneurs, companies, capital funds, incubators, and other tangible assets. However, what really makes innovation ecosystems tick are the relationships between people. Read it here.