Nobel Winning Economist Ronald Coase Dies Aged 102
Professor Emeritus at the University of Chicago
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.
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post comments
I learned something new. Coase disavows the Coase Theorem.
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.
wow!