Coase Ronald Horoscope

C R

Coase Ronald

Dec 29, 1910

Rating : AA (Data from a birth certificate)

Scorpio
Moon Sign

Sagitarius
Sun Sign

Gemini
Lagan

Remembering Since 2013

Events

Work : Prize 1991

Death:Death, Cause unspecified 2 September 2013 chart Placidus Equal_H.

Biography

British economist and author. He was the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School. After studying with the University of London External Programme in 1927–29, Coase entered the London School of Economics, where he took courses with Arnold Plant. He received the Nobel Prize in Economics in 1991. Coase, who believed economists should study real markets, not theoretical ones, established the case for the corporation as a means to pay the costs of operating a marketplace. Coase is best known for two articles in particular: "The Nature of the Firm" (1937), which introduces the concept of transaction costs to explain the nature and limits of firms, and "The Problem of Social Cost" (1960), which suggests that well-defined property rights could overcome the problems of externalities (see Coase Theorem). Coase is also often referred to as the "father" of reform in the policy for allocation of the electromagnetic spectrum, based on his article "The Federal Communications Commission" (1959), where he criticises spectrum licensing, suggesting property rights as a more efficient method of allocating spectrum to users. Additionally, Coases transaction costs approach is currently influential in modern organizational economics, where it was reintroduced by Oliver E. Williamson. Coase died in Chicago, Illinois on 2 September 2013. Link to Wikipedia biography Read less

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Update at: Sep 18, 2025

Profile: Ronald Coase

Ronald Coase: Public Profile

Born: December 29, 1910

Place of Birth: London, United Kingdom

Biography

Ronald Harry Coase was a British economist and author, known for his profound influence on the field of economics, particularly in the study of transaction costs and property rights. He was a key figure in the development of the field of law and economics. Coase received the Nobel Memorial Prize in Economic Sciences in 1991.

Academic Contributions

Coase is best known for the Coase Theorem, which argues that in the presence of clear property rights and zero transaction costs, parties will negotiate to correct externalities, leading to efficient outcomes irrespective of the initial allocation of rights. His seminal works include "The Nature of the Firm" (1937) and "The Problem of Social Cost" (1960).

Recent Projects and Legacy

Although Ronald Coase passed away on September 2, 2013, at the age of 102, his legacy continues to impact economics and legal studies. His ideas are frequently revisited in academic circles and have inspired numerous projects related to transaction costs, property rights, and institutional economics.

Social Media Presence

Ronald Coase did not have a social media presence during his lifetime. However, his work continues to be discussed in economic forums and academic platforms. Various institutions and economists often cite his contributions on platforms like Twitter and LinkedIn.

In the News

While direct news about Coase is rare due to his passing, his theories and contributions are frequently mentioned in discussions about economic policies, particularly those involving transaction costs and property rights. His work remains relevant in debates concerning regulatory economics and institutional frameworks.

Publications

The Firm, the Market, and the Law (1988)
Essays on Economics and Economists (1994)
How China Became Capitalist (2012), co-authored with Ning Wang

Awards and Honors

Coase received numerous accolades throughout his career, including the Nobel Memorial Prize in Economic Sciences in 1991 for his work on the significance of transaction costs and property rights for the institutional structure and functioning of the economy.

Influence and Recognition

Coase's influence extends beyond economics to law, political science, and management studies. His work laid the foundation for the field of law and economics, and his ideas continue to inform contemporary discussions on economic policy and organizational theory.