What's New


The Ronald Coase Institute is deeply saddened by the death of Oliver Williamson on May 21, 2020. We have lost a remarkable economist, a generous friend and faculty member of the Institute, and a central figure in the development of new institutional economics.

Among the most cited authors in the social sciences, Williamson was Professor Emeritus of Business, Economics, and Organization at the University of California, Berkeley. He was an early president of the International Society for New Institutional Economics. He received the 2009 Nobel Prize in Economic Sciences (along with Elinor Ostrom) “for his analysis of economic governance, especially the boundaries of the firm.” He will be profoundly missed.

Williamson's talk at our 2015 Washington conference:
|Ronald Coase|
|Memories of Ronald Coase|

The Ronald Coase Institute
Workshop on Institutional Analysis
Change: December 13-19, 2020  
Binh Duong New City, Vietnam
Co-sponsored by
Vietnamese-German University and Becamex IDC

Further announcement in summer 2020
Young scholars worldwide are eligible to apply. Twenty-six participants will be selected competitively.

Binh Duong New City, photo courtesy of Vietnamese-German University

Photo courtesy VGU

Attend this workshop to
   Present your research in new ways in a small, focused setting.  Share intensive discussions and get feedback from faculty and other participants:  first within a small group, then formally before the entire workshop.  Ten full-time faculty will provide intensive mentoring.
   Hear the faculty discuss their own research and strategies to formulate questions, develop analysis, and communicate results.
   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 also be a special event and a gala dinner.  Upon graduation, become part of a scholarly network with alumni from 76 countries.

The pace is intense and rewarding.  Read more here about what happens at these workshops. Participants must attend all sessions and give as well as receive feedback.

Who is eligible?
Social scientists early in their academic/professional careers and advanced graduate students, in economics, political science, law, and other social sciences.
Work already published is not eligible, and previous participants are not eligible to apply again.

Twenty-six participants will be selected competitively on the basis of their research abstracts, CVs, and references.  Abstracts will be evaluated on the clarity and importance of the research question, analysis, and institutional focus.  Projects with empirically testable implications are preferred. Admissions decisions will be announced in February.

Applications: further announcement in summer 2020

Costs and fellowships
The cost of the workshop – tuition, meals, and housing - is $2500USD.  Many fellowships will be awarded competitively in varying amounts 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 fellowship request with your application.  Note that all participants must stay in workshop housing, and all participants are responsible for paying their own travel expenses.

Workshop faculty include Robert Aliber (University of Chicago, emeritus), Douglas Allen (Simon Fraser University), Eduardo Araral (National University of Singapore), Alexandra Benham (Ronald Coase Institute), Lee Benham (Ronald Coase Institute), Philip Keefer (Inter-American Development Bank), Gary Libecap (University of California - Santa Barbara, emeritus), Cheryl Long (Xiamen University), Maroš Servátka (Macquarie Graduate School of Management), Mary Shirley (Ronald Coase Institute), Markus Taussig (Rutgers University), Vu Than Tu Anh (Fulbright University Vietnam), and Maria Yudkevich (Higher School of Economics, Moscow).

Organizers and administrators
The organizers are Mary Shirley (Ronald Coase Institute) and Alexandra Benham (Ronald Coase Institute), and Ha Thuc Vien (Vietnamese-German University).  Administrators are Darin Hargis (Ronald Coase Institute) and Le Van Ha (Vietnamese-German University).

Learn more about the workshops here.

A Research Agenda for New Institutional Economics

A Research Agenda for New Institutional Economics, edited by Claude Menard and Mary M. Shirley, has been published by Edward Elgar Publishers. This book consists of 30 concise chapters written by top scholars and probes the knowledge frontiers of issues long at the forefront of New Institutional Economics (NIE), including government, contracts and property rights. It examines pressing research questions surrounding norms, culture, and beliefs. It is designed to inform and inspire students and those starting their careers in economics, law and political science. Well-established scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore.

Print copies of the book can be ordered here. The Introduction and Chapter 1 are free to download here.

Menard and Shirley book cover

Workshop in Warsaw

On May 12-18, 2019 in Warsaw, Poland, the Ronald Coase Institute held a workshop on institutional analysis. The Faculty of Economic Sciences, University of Warsaw; the Rector of the University of Warsaw; and the University of Warsaw Foundation were co-sponsors.
Warsaw Old Town

Workshop faculty included Robert Aliber (University of Chicago), Ido Baum (Haim Striks School of Law), Alexandra Benham (Ronald Coase Institute), Lee Benham (Ronald Coase Institute), Lukasz Hardt (Faculty of Economic Sciences, University of Warsaw), P.J. Hill (Wheaton College), Philip Keefer (Inter-American Development Bank), Katrina Kosec (International Food Policy Research Institute), John Nye (George Mason University), Dominic Parker (University of Wisconsin - Madison), Maroš Servátka (Macquarie Graduate School of Management), Mary Shirley (Ronald Coase Institute), Agnieska Slomka-Golebiowska (Warsaw School of Economics), and Chenggang Xu (Cheung Kong Graduate School of Business).

Details including participants, program, abstracts and more can be accessed by starting here and following further links on the page.

Conference on the Life and Legacy of Douglass North

A conference reflecting on the impact of Douglass North's work on the discipline of economics was held at the Mercatus Center, George Mason University, March 2-3, 2018, in Arlington, Virginia, USA. It was hosted by Lee Alston, John Nye, and Barry Weingast. There were 5 conference themes: 1) Cliometrics and Measurement; 2) Relative Prices, Property Rights, and Transaction Costs; 3) Institutions; 4) Belief and Cognition; and 5) Violence. Each theme had a keynote lecture and a series of paper presentations.

First China Economics Prize Awarded to Chenggang Xu and Yingyi Qian

Chenggang Xu, Coase Institute Board and faculty member, has 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.

  • Chenggang Xu

    Chenggang Xu

  • Yingyi Qian

    Yingyi Qian

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.

The Elgar Companion to Ronald Coase

The Elgar Companion to Ronald Coase, edited by Claude Menard and Elodie Bertrand, has 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.

Menard and Bertrand book cover

Who We Are

See this video about the Ronald Coase Institute.

                                   (Also accessible on YouTube)


Workshop comments:

    "Superlative experience" (Boulder)

    "Famous scholars and delicious food" (Shanghai)

    "Most exciting workshop I have attended" (Singapore)

    "Demanding, intensive and mentally exhausting...also one of the most rewarding" (Philippines)

    "Best learning experience within last 31 years" (Bratislava)

    "Academic-life-changing experience, no kidding" (Beijing)

Group gathering at Shanghai workshop