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Ronald Coase, 1910-2013

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One of history’s greatest economists – certainly a top ten, and arguably a top five, economist of all time – died today.  Ronald H. Coase was less than four months shy of his 103rd birthday [2].  He wrote and published one of his classic papers (“The Nature of the Firm,” 1937) before my late mother was born.  More on Coase [3] later.  Suffice it now to say that my ranking of Coase as one of the greatest economists of all time [4], as an elite among the elite, is not hyperbole.

Here’s Russ’s May 2012 EconTalk podcast with Coase [5].