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Ronald Harry Coase

Born: December 29, 1910, London, United Kingdom

Died: September 2, 2013, Chicago, Illinois, United States

Ronald Coase was a prominent British-American economist and author. He is best known for his work on property rights, transaction costs, and the Coase Theorem. He was awarded the 1991 Nobel Memorial Prize in Economic Sciences "for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy."

Key Contributions:

• The Nature of the Firm (1937): This seminal work explored why firms exist and how their boundaries are determined, highlighting the role of transaction costs in shaping organizational structures.
• The Problem of Social Cost (1960): This highly influential article introduced the Coase Theorem, which argues that if property rights are clearly defined and transaction costs are low, private bargaining can lead to efficient outcomes, even in the presence of externalities.
• How China Became Capitalist (2012) (with Ning Wang): This book examines the remarkable economic transformation of China, focusing on the role of institutional changes and entrepreneurial activity.

Career Highlights:

• Professor of Economics at the University of Chicago Law School
• Editor of the Journal of Law and Economics
• Founder of the Center for the Study of the Economy and the State at the University of Chicago

Unfortunately, information regarding Ronald Coase's specific social media presence and details of recent projects beyond his published works are scarce. He passed away in 2013, before the widespread adoption of many current social media platforms. Furthermore, his academic work predates the era of readily accessible online project documentation.

For more in-depth information about Ronald Coase and his contributions to economics, please consult reputable sources such as academic journals, the Nobel Prize website, and biographical resources.

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