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Nobel Winning Economist Ronald Coase Dies Aged 102

The University of Chicago announced today that Ronald Coase, who was awarded the Nobel Memorial Prize in Economics in 1991, has died at the age of 102.

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  • SIV||

    I learned something new. Coase disavows the Coase Theorem.

  • triclops||

    My understanding is that he disavows the way it is commonly understood; applying it to too many situations while ignoring key parts of the transaction costs concept.