Ronald Coase, 1910-2013
SIOE is sorry to report that Ronald Coase, one of ISNIE's founders, passed away on Monday September 2nd at the age of 102.
Professor Coase, honored with the Nobel Prize in 1991, was not only a scholar important to all economists, but one that changed the rules of the game. Economic science owes the question of whether and why institutions and organizations matters to him and for this reason he received praise and recognition over his long career. The fact that his central contributions relied upon in depth analysis of how actual governance mechanisms are built and dealt with by economic agents is also an important element of his intellectual legacy.
Beyond his intellectual mark, the ISNIE community benefited more specifically from his institutional leadership in establishing our organization. For these reasons, we are indebted to Professor Coase as both a scholar and an entrepreneur..