Coase's Insights Exploring the Importance of Transaction Costs

Mr. Coase's work cannot be read as a case for minimal government. On the contrary, his message was more purely pragmatic. Nobel Laureate Ronald Coase passed away unexpectedly on September 2. Despite his age, Professor Coase was planning a trip to China. Ronald Coase's most important contribution to economics is his work on the role played by transaction costs, legal rules and property rights. Ronald Coase ... Ronald Harry Coase (December 29, 1910 – September 2, 2013) was a British economist and the Clifton R. Musser Professor Emeritus of Economics at ... Robert Coase died last week in Chicago at the age of 102. Born in London and educated at the London School of Economics. Ronald H. Coase is best known for two particular contributions to economic theory - his theory of the firm (1937), and his theory of social cost (1960). Jacob Gershman, Ronald Coase, Author of 'Most-Cited Law Review Article,' Dead at 102, WALL ST. J. L. BLOG (Sept. 3, 2013, 1:09 PM), http://blogs ... Throughout his career, Ronald Coase urged economists to avoid relying too heavily on theories and generalizations—what he called "blackboard ... Ronald H. Coase, who won the Nobel Prize in Economics in 1991. She wrote back, “Was it sudden or unexpected?” Well, I answered, he was 102 years old. Ronald Coase was one of those economists whose contributions were so significant and so longstanding that you assumed he had to be dead.