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Ronald Coase, 1910-2013

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.  He wrote and published one of his classic papers (“The Nature of the Firm,” 1937) before my late mother was born.  More on Coase later.  Suffice it now to say that my ranking of Coase as one of the greatest economists of all time, as an elite among the elite, is not hyperbole.

Here’s Russ’s May 2012 EconTalk podcast with Coase.