In Memoriam: Kenneth Arrow, 1921-2017
Kenneth Arrow passed away on February 21, 2017 in Stanford, California. We have lost a brilliant economist, a generous member of our board, and a cherished friend.
One of the founders of modern economics, he received the Nobel prize in economics – the youngest recipient ever of this prize - for his pioneering contributions to general economic equilibruum theory and welfare theory. His interests were broad and deep. His dissertation Social Choice and Individual Values presented his impossibility theorem: that no system of voting can perfectly reflect the public’s will if three or more alternatives are being considered.
Kenneth Arrow served on the board of the Coase Institute from 2005 until his death and participated in many activities of the Institute. He was deeply interested in the progress of young scholars around the world.
He will be profoundly missed.
Arrow's talks at 2015 Washington conference:
|Future directions of research in the Coasean tradition|
Workshop on Institutional Analysis
May 14-20, 2017 Xiamen, China
Co-sponsors at Xiamen University:
The School of Economics,
Wang Yanan Institute for Studies in Economics, and the Gregory and Paula Chow Center for Economic Research
Applications are closed
Young scholars worldwide are eligible to apply.
Twenty-six participants will be selected competitively.
Attend this workshop to
♦ Present your research in a small, focused setting, with intensive discussion and feedback from faculty and other participants:
- first within a small group, with faculty guidance
- after revising, formally to the entire workshop.
Ten full-time faculty will provide intensive mentoring.
♦ Hear the faculty discuss their research and strategies to
formulate questions, develop analysis, and communicate results effectively.
♦ Network closely with faculty and other young scholars who have an enduring interest in institutional analysis. After the daily sessions, enjoy informal conversations during delicious dinners. There will be a special event and a gala dinner. Upon graduation, become part of a scholarly network with alumni from 74 countries.
The pace is intense and rewarding. Participants must attend all sessions and give as well as receive feedback.
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
Twenty-six participants will be selected competitively
on the basis of their research abstracts, CVs, and references. Work already published is not eligible, and previous participants
are not eligible to apply again.
Abstracts will be evaluated on the clarity and importance of the research question, the analysis, and the institutional focus.
Projects with empirically testable implications are preferred. Admissions decisions will be
announced in February.
Faculty will include Eduardo Araral (National University of Singapore), Alexandra Benham (Ronald Coase Institute), Lee Benham (Ronald Coase Institute; Washington University in St. Louis, Emeritus), P.J. Hill (PERC; Wheaton College, Emeritus), Marc Law (University of Vermont), Gary Libecap (University of California - Santa Barbara), Cheryl Long (Xiamen University), John Nye (George Mason University), Dominic Parker (University of Wisconsin - Madison), Mary Shirley (Ronald Coase Institute), Chenggang Xu (Cheung Kong Graduate School of Business), Colin Xu (The World Bank), and Yang Yao (Peking University).
How to apply (applications are closed)
The cost of the workshop – tuition, meals, and housing - is $2500 USD.
(This does not include travel expenses.) Many partial fellowships will be awarded competitively to scholars for whom the workshop cost is a hardship, to cover part of the costs of tuition, meals, and housing. If you wish to be considered for a fellowship, upload your request for a fellowship with your application. All participants must stay in workshop housing, and all participants are responsible for paying their own travel expenses.
Organizers and administrators
The organizers are Mary Shirley (Ronald Coase Institute), Alexandra Benham (Ronald Coase Institute), and Cheryl Long (Xiamen University). The administrators are Darin Hargis (Ronald Coase Institute) and Xiaohong Chen (Xiamen University).
Want to learn more about these workshops?
to see what to expect, earlier programs and abstracts, alumni comments, and much more.
First China Economics Prize Awarded to
Chenggang Xu and Yingyi Qian
Chenggang Xu, Coase Institute Board and faculty member, has just been awarded the first China Economics Prize, jointly with Yingyi Qian (also Coase faculty). This major new prize was created by the Contemporary Economics Foundation in Beijing to recognize Chinese scholars who have made outstanding contributions in the field of economics.
The inaugural prize honors Xu’s and Qian’s research on government and enterprise incentive mechanisms for the transition economy of China. The two scholars will also share a monetary award of 2 million yuan. Chenggang Xu is currently at the Cheung Kong Graduate School of Business and Yingyi Qian is at Tsinghua University, both in Beijing.
Elinor Ostrom: An Intellectual Biography by Vlad Tarko has just been published by Rowman & LIttlefield International. A Nobel laureate in economics and a leader in new institutional economics and public choice, Elinor Ostrom served on the board and faculty of the Ronald Coase Institute. See details and an overview of the book.
The Elgar Companion to Ronald Coase, edited by Claude Menard and Elodie Bertrand, has recently been published by Elgar Press. The volume includes essays by 30 authors assessing the impact of Ronald Coase's work and the inspiration researchers and policy makers find in his contributions. See details.
Who We Are
See this video about the Ronald Coase Institute.
(Also accessible on YouTube)
Ronald Coase Remembered
Learn All About the Workshops
Jobs, Conferences, & Research Requests
Scholarly Ideas and Policy (video)
Recent Workshops and Events
What Can You Expect During a Workshop?
Why Participants Value the Workshops
Past Programs, Abstracts, Images
Meet Some Alumni
"Superlative experience" (Boulder)
"Famous scholars and delicious
"Most exciting workshop I have
"Demanding, intensive and mentally
exhausting...also one of the most
"Best learning experience within last
31 years" (Bratislava)
How China Became Capitalist by
Ronald Coase and Ning Wang is
available in hardcover, paperback, and