For his discovery and clarification of the significance of transaction costs
and property rights for the institutional structure and functioning of
the economy, Ronald Coase received the Alfred Nobel Memorial Prize
in Economic Sciences in 1991. 

Professor Coase is currently Clifton R. Musser Professor Emeritus
of Economics at the University of Chicago Law School. He has been
affiliated with the University of Chicago since 1964. Earlier he served
on the faculty of the Dundee School of Economics and Commerce
(1932-1934), the University of Liverpool (1934-1935), the London
School of Economics (1935-1951), the University of Buffalo (1951-1958),
 and the University of Virginia (1958-1964).

He was editor of the Journal of Law and Economics (1964-1982). 
He was the founding president of the International Society for
New Institutional Economics (1996-97).  He is the research advisor
to the Ronald Coase Institute. He celebrated his 101st birthday
on December 29, 2011.


"As I see it, progress in understanding the working of the economic
system will come from an interplay between theory and empirical
work.  The theory suggests what empirical work might be fruitful,
the subsequent empirical work suggests what modification in the
theory or rethinking is needed, which in turn leads to new empirical
work.  If rightly done, scientific research is a never-ending process,
but one that leads to greater understanding at each stage."

   - The Conduct of Economics: The Example
      of Fisher Body and General Motors, 2006

  SEE
  Online Materials
  List of Publications
  Curriculum Vitae
  Works Translated

  Interview about NIE, 1997
  Speech to ISNIE, 1999
  Why Economics Will Change, 2002

  Meeting Ronald Coase, 2006
  Videos for Ronald Coase from Alumni
  Images