New journal launched
A new Journal, Man and the Economy, has been launched. Ronald Coase was the founder of the journal, and Ning Wang is the Editor-in Chief. It will be published by deGruyter, with the first issue appearing in 2014.
The Journal welcomes empirical investigations - historical, qualitative, statistical, experimental - and theoretical explorations that deepen our understanding of how the economy works and how it changes over time. You can see further details and sumbit papers for consideration here.
Coase and Wang book Wins 2013 Sir Antony Fisher Award
The 2013 Sir Antony Fisher International Memorial Award has just been awarded for the book How China Became Capitalist by Ronald Coase and Ning Wang. The award honors outstanding publications produced by independent research institutes that have made the greatest contributions to the public understanding of a free society.
On behalf of the Ronald Coase Institute, Ning Wang accepted the prize at a ceremony during the Atlas Network annual conference in New York City.
ISNIE conference June 19-21, 2014
The 18th annual conference of the International Society for New Institutional Economics will take place June 19-21, 2014 in Durham, North Carolina, USA. Robert Gibbons and Timur Kuran will be the keynote speakers. Proposals for papers to be presented at the conference may be submitted electronically here. The deadline for proposals is January 30, 2014. Further details of the conference will be posted soon on the ISNIE Web site.
RONALD COASE, 1910-2013
With great sorrow we write that Ronald Coase, Nobel laureate, Research Advisor of the Ronald Coase Institute, and Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School passed away on September 2, 2013 after a brief illness.
His intellectual contributions were profound and enduring. His 1991 Nobel prize in economics acknowledged ideas he presented in his first lecture as a young academic in 1932. Three of his works were celebrated by major scholarly conferences held 50 years after their original publication. On his 100th birthday, the leading economists of China gathered to pay homage to his influence on China’s economic transformation.
His spirit of inquiry was inspiring. "We do not know. It is our task to find out.”
His generosity to young scholars was immense. During his last days he spoke of his pride in the young scholars of the Coase Institute network and their contributions.
Recently he was planning his first journey to China and the launching of a new journal Man and the Economy co-edited with Ning Wang. He was reading Science and Nature systematically to examine how natural scientists went about reaching their conclusions.
He was preceded in death last year by his wife Marian, whom he first met in Chicago in 1932.
Scholarly Ideas and Policy: Videos from Roundtable
What role do scholarly ideas play in influencing policy? Distinguished scholars recently examined how specific policies in different countries have been affected by scholarly ideas. Speakers included Richard Epstein,
Scott Gehlbach, Douglass North, Sam Peltzman, Alberto Simpser, and Ning Wang. The roundtable discussion was held at the University of Chicago and was organized by the Ronald Coase Institute and co-sponsored by the Stigler Center for the Study of the Economy and the State. See video excerpts here.
The Ronald Coase Institute
Xiamen Workshop on Institutional Analysis
December 8-14, 2013 Xiamen, China
Co-sponsors at Xiamen University:
Wang Yanan Institute for Studies in Economics &
The School of Economics
Applications are closed
Attend this workshop to
- Hear established institutional scholars discuss their research and strategies
for formulating research questions, developing analysis, and communicating
- Present your own research project and receive comments
first in a small group with faculty guidance
after revising, formally to the entire workshop, with assigned
- Network closely with faculty and other young scholars who have an enduring interest in institutional analysis. After the daily sessions, enjoy informal conversations with faculty and participants during delicious dinners. The workshop ends with a special event and gala dinner. Upon graduation, become part of a worldwide scholarly network with alumni in 66 countries.
Who is eligible?
- Postdoctoral social scientists - early in their careers
- Advanced graduate students - in economics, political science, law, and other social sciences.
Selection and attendance
Participants will be selected competitively on the basis of their research abstracts, CVs, and references. Abstracts are evaluated on the clarity and importance of the research question, the quality of analysis, and the institutional focus. Projects with empirically testable implications are preferred. Work already published is not eligible.
Admission is limited to 26 individuals at most. (Previous participants are not eligible to attend again.) Admission decisions will be announced in September.
The pace is intense and
rewarding; participants must attend all sessions and give as well as receive feedback.
How to apply (Applications are closed)
The cost of the workshop – tuition, meals, and housing - is $2500 USD. (This does not include
travel expenses). Participants must all stay in workshop housing. Many fellowships will be awarded competitively to scholars for whom the workshop cost is a hardship, to cover tuition, meals, and housing. If you wish to be considered for a fellowship, upload your request for a fellowship with your application. Note that all participants are responsible for paying their own travel expenses.
Organizers and administrator
The organizers are Mary Shirley (Ronald Coase Institute), Alexandra Benham (Ronald Coase Institute), and Cheryl Xiaoning Long (Department of Economics & WISE, Xiamen University). The administrator is Darin Hargis (Ronald Coase Institute).
Xiamen, often called "garden on the sea," is a vibrant island city on the coast of southest China. Convenient flights connect it with Hong Kong, Singapore, Taipei, Shanghai, Beijing, and other major cities.
For further information, see what to expect; why alumni value this experience; past workshops. Also see School of Economics, Xiamen University; Wang Yanan Institute for Studies in Economics, Xiamen University.
The Ronald Coase Institute is deeply saddened by the death of Robert W. Fogel on June 11, 2013. We lose a brilliant scholar, a generous faculty member of our workshops, and a cherished friend.
A leading advocate of the use of quantitative methods in history, he received the Nobel Prize in Economic Sciences (with Douglass North) “for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change.” He was a distinguished professor at the University of Chicago and director of the Center for Population Economics there (see obituary). His extraordinary range of inquiry included economics, history, medicine, physiology, demography, and statistics. He will be profoundly missed.
A New Journal Coming Soon
Man and the Economy: A Journal of the Coase Society
Editors: Ronald Coase & Ning Wang
Publisher: De Gruyter Inaugural Issue: April 2014
From the editors:
We are pleased to announce that Man and the Economy will soon be launched. As revealed by its title, Man and the Economy commits to a particular viewpoint of economics: a study of man as he is and a study of the economy as actually exists. This is in sharp contrast to the prevailing view where the economic actor is treated as an atomized utility maximizer and the economy as an artifact of mechanical design, which misrepresents the character of man and the nature of the economy. Man and the Economy restores the economy as an open and evolving social organism of cooperation and competition.
Professor Ronald Coase was editor of the Journal of Law and Economics (JLE) for 18 years. During his editorship, LJE not only became a distinct journal, but also helped to create a new field of study, law and economics. Man and the Economy aims to do to economics what JLE has done to law and economics. Professor Coase serves as founding editor of the new journal. Dr. Ning Wang, who has been working with Professor Coase since 1998, will serve as managing co-editor. They are joined by two associate editors, Sam Peltzman of the University of Chicago and Guang-zhen Sun of the University of Macau, along with a distinguished editorial board made up of economists, anthropologists, political scientists, sociologists, and legal scholars from all over the world.
Man and the Economy starts in 2014 and publishes two issues a year in the first three years. It welcomes empirical (historical, qualitative, statistical, experimental) investigations and theoretical explorations that shed light on how the economy works and how it changes over time. We are committed to making Man and the Economy international and interdisciplinary. We are keen to publish articles that examine how the emerging market economy works and evolves in Asia, Africa, Latin America, and Eastern Europe as well as contributions by non-economists that focus on the working of the economy. Man and the Economy accepts Original Articles (regular research papers), Research Notes (interesting ideas and findings not fully developed), Voices from the Field (contributions from practitioners in the business and policy community that are of interest to students of the economy), Marketplace for Ideas (interviews with leading scholars and other game-changers in the field), Wisdom of the Past (insights on man and the economy that have been largely forgotten), and Letters from Readers. We aim to make Man and the Economy the equivalent of Nature or Science in social sciences, read by and with contribution from the concerned public, policy-makers, business and legal professionals, as well as academics who look up to economics as a study of man as he is and of the economy as it actually exists in the real world.
Recent book by Ronald Coase and Ning Wang
Ronald Coase and Ning Wang recently published the book, How China Became Capitalist. Douglass North describes the book as "a major contribution to the whole literature on economic change as well as on China." Chenggang Xu comments, "one of the greatest works in economics and in studies of China." Coase and Wang discuss some of the book's ideas in an opinion article in the Wall Street Journal on April 6, 2012. They summarize the work in an article in Cato Policy Report. A Wall Street Journal review comments, "...readers will be reqarded with a bettter and deeper understanding of the most extraordinary transformation in modern economic history." The book is available in English in hardcover and electronic versions. A paperback version is forthcoming.
In China an abridged version just published by China CITIC Press has already sold 50,000 copies. The publisher also offers a free online version in Chinese. German, Japanese, and Italian translations of the book should be available by the end of 2014.
Ronald Coase is Clifton R. Musser Professor Emeritus at the University of Chicago, research advisor of the Coase Institute, and a Nobel laureate in economics. Ning Wang is an assistant professor at the School of Politics and Global Studies, Arizona State University, and an alumnus and faculty member of the Coase Institute's workshops.
Obituary for Ronald Coase
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How China Became Capitalist by
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available in hardcover, paperback, and