The Coase theorem proves that the future governs the present, and the past has little or no significance. The assignment of rights or wealth, which is in the past, is virtually irrelevant to the productivity of activity today, which is dictated by future transactions. In this sense the Coase theorem confirms a key aspect of [[Christianity]], a religion focused on the future far more than the past. | The Coase theorem proves that the future governs the present, and the past has little or no significance. The assignment of rights or wealth, which is in the past, is virtually irrelevant to the productivity of activity today, which is dictated by future transactions. In this sense the Coase theorem confirms a key aspect of [[Christianity]], a religion focused on the future far more than the past. |