Here's a more fleshed out version: https://en.wikipedia.org/wiki/Coase_theorem https://en.wikipedia.org/wiki/Coase_theorem. He did acknowledge things like trans

Here's a more fleshed out version: https://en.wikipedia.org/wiki/Coase_theorem https://en.wikipedia.org/wiki/Coase_theorem. He did acknowledge things like transactions costs etc., which like in can-opener fashion, is typically assumed away by mainstream economists.