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<br>''This theorem confirms the primacy of the future over the past''.</center>

<br>''This theorem confirms the primacy of the future over the past''.</center>

The '''Coase theorem''' is a logical truth about [[economics]] that is also immensely helpful in life.  It gives primacy to the future over the past, and predicts the triumph of optimal outcomes.

The '''Coase theorem''' is a logical truth about [[economics]] that is also immensely helpful in life.  It gives primacy to the future over the past, and predicts the triumph of optimal outcomes.  This reinforces the close proximity of happiness to those in anxiety or depression, by recognizing that future unlimited possibilities are available in some form to all.

In economic terms, the Coase theorem states that if property rights are well-defined and [[transaction costs]] (including costs of negotiating) are zero or negligible, then the most efficient economic activity will occur regardless of who initially owns the property rights.  Negotiation and market transactions will ensure optimal allocation of property.  Simply put, '''''it means "build a better mousetrap, and the world will beat a path to your door,"'''''<ref>The phrase is attributed to [[Ralph Waldo Emerson]], who [https://www.americanheritage.com/better-mousetrap said something similar].</ref> no matter who or where you are.  This is similar to the [[Bible|biblical]] "cast your net on the other side of the boat" that garnered [[infinity|infinite]] wealth.<ref name="Net">''See, e.g.'', [[Luke 1-8 (Translated)#5:4|Luke 5:4-7]]; [[John 15-21 (Translated)#21:6|John 21:6-7]].  This can also be considered the "[[invisible hand]]" on steroids.</ref>  This theorem also echoes the biblical exhortation, “No one who puts his hand to the plow and looks back is fit for the [[kingdom of God]].”<ref>Luke 9:62 ([[HCSB]]).</ref>

In economic terms, the Coase theorem states that if property rights are well-defined and [[transaction costs]] (including costs of negotiating) are zero or negligible, then the most efficient economic activity will occur regardless of who initially owns the property rights.  Negotiation and market transactions will ensure optimal allocation of property.  Simply put, '''''it means "build a better mousetrap, and the world will beat a path to your door,"'''''<ref>The phrase is attributed to [[Ralph Waldo Emerson]], who [https://www.americanheritage.com/better-mousetrap said something similar].</ref> no matter who or where you are.  This is similar to the [[Bible|biblical]] "cast your net on the other side of the boat" that garnered [[infinity|infinite]] wealth.<ref name="Net">''See, e.g.'', [[Luke 1-8 (Translated)#5:4|Luke 5:4-7]]; [[John 15-21 (Translated)#21:6|John 21:6-7]].</ref>  This theorem also echoes the biblical exhortation, “No one who puts his hand to the plow and looks back is fit for the [[kingdom of God]].”<ref>Luke 9:62 ([[HCSB]]).</ref>

Past and present entitlements are nearly irrelevant to future activity, confirming the admonition of [[Luke 9-16 (Translated)#9:62|Luke 9:62]] not to look back at the past.  If a parcel of property is best used as a restaurant, a park, a library, or a school, it will eventually find that use no matter who owns it or what its prior uses were.  The Coase theorem states that the property will adopt its most productive use immediately, in the absence of transaction costs.  It confirms parables in the [[Bible]] about the hidden proximity of [[infinite]] happiness.<ref name="Net"/>

Past and present entitlements are nearly irrelevant to future activity, confirming the admonition of [[Luke 9-16 (Translated)#9:62|Luke 9:62]] not to look back at the past.  If a parcel of property is best used as a restaurant, a park, a library, or a school, it will eventually find that use no matter who owns it or what its prior uses were.  The Coase theorem states that the property will adopt its most productive use immediately, in the absence of transaction costs.  It confirms parables in the [[Bible]] about the hidden proximity of [[infinite]] happiness.<ref name="Net"/>

The Coase theorem is also a powerful antidote against the media, which falsely portrays some people as being more important than others.  Under the Coase theorem equal opportunity is available to all, and there is no greater influence based on title, position, or wealth.  The Coase theorem is consistent with the concept of the "[[best of the public]]" and the prohibition in the [[U.S. Constitution]] against nobility.

The Coase theorem is also a powerful antidote against the media, which falsely portrays some people as being more important than others.  Under the Coase theorem equal opportunity is available to all, and there is no greater influence based on title, position, or wealth.  The Coase theorem is consistent with the concept of the "[[best of the public]]" and the prohibition in the [[U.S. Constitution]] against nobility.

This simple theorem, first published in a 1960 paper<ref>Ronald H. Coase, ''The Problem of Social Cost'', 3 J. Law & Econ. 1 (1960)</ref> by [[Ronald Coase]] who won the Nobel Prize for Economics for this in 1991, has powerful implications for economics, law, politics, and even [[Christianity]].  This theorem reinforces teachings of [[Jesus]], such as the parable of the sprouting seed,<ref>[[Mark 1-8 (Translated)#4:26|Mark 4:26-29]].</ref> and supports [[conservative]] interpretations of the [[Chicago School of Economics]].

This simple theorem, first published in a 1960 paper<ref>Ronald H. Coase, ''The Problem of Social Cost'', 3 J. Law & Econ. 1 (1960)</ref> by [[Ronald Coase]] who won the Nobel Prize for Economics for this in 1991, has powerful implications for economics, law, politics, and even [[Christianity]].  This theorem reinforces teachings of [[Jesus]], such as the parable of the sprouting seed,<ref>[[Mark 1-8 (Translated)#4:26|Mark 4:26-29]].</ref> and supports [[conservative]] interpretations of the [[Chicago School of Economics]].<ref>The Coase theorem can also be considered the "[[invisible hand]]" on steroids.</ref>

The Coase theorem proves the availability of infinite opportunities to all who are productive.  This is helpful to understanding paradoxical miracles and parables.  For example, the [[Multiplication of the loaves]] is straightforward example of supplies (food) becoming available to further the most productive activity (spreading the [[Gospel]]).  The otherwise baffling [[Parable of the Vineyard Workers]], whereby workers who toil merely at the end the day are paid as much as those who worked the full day, is logical under the Coase Theorem because the owner needed the work done and thus was willing to overpay some for it.

The Coase theorem proves the availability of infinite opportunities to all who are productive.  This is helpful to understanding paradoxical miracles and parables.  For example, the [[Multiplication of the loaves]] is straightforward example of supplies (food) becoming available to further the most productive activity (spreading the [[Gospel]]).  The otherwise baffling [[Parable of the Vineyard Workers]], whereby workers who toil merely at the end the day are paid as much as those who worked the full day, is logical under the Coase Theorem because the owner needed the work done and thus was willing to overpay some for it.