Coase's view of the "Coase Theorem" is,
It's not about my work at all. George Stigler, who's a very nice man, wanted to pay me a compliment so he invented the Coase theorem, but he named it Coase theorem, not the Stigler theorem. The reason I don't like it that it's the proposition about the system in which transaction costs are zero. Well that isn't the way the system actually is, therefore, it's a theoretical proposition and I don't like that.In this video Coase discussing his career path. He never studied economics but become an economist, and a great one at that.