from @xntl.bsky.social, on "the Coase theorem" https://mchugh-russell.ca/2018/06/07/on-ideas-that-matter/
Text: Let me say all this again: Coase developed a world-changing idea in 1937, simply by trying to think through gaps between the idealizations of economic theory and the realities of business practice; he did not publish an articulation of that idea that 'took' until he was 50 years old; the articulation that brought his ideas to fame was only published because a group of well-resourced academics were so convinced he was wrong; for another 30 years, his ideas were put to uses almost completely contrary to those he had intended. It is only now, 15 years after his death, over 50 years since Social Cost, and 80 years after he first developed his original insight, that we can fairly say that his ideas are being put to use in earnest.