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Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
6 thoughts on “Happy 100th Birthday to Ronald Coase”
Excellent. Best wishes for another 100 to Prof. Coase.
I am ashamed tremendously: never heard of him.
Will try to alter the inadequacy.
The proof of Coase’s brilliance is that one can express his key insights simply, concisely and understandably (after all, even lawyers can understand Coase). This clarity and simplicity of exposition have given rise to tremendously productive research on the nature of market and firm behavior.
Another amazing thing about Coase is how prescient he was. The Nature of the Firm accurately anticipated the impact of information technology, based on basic economic principles, decades before the technology was even dreamed of.
“When you reach the heart of life you shall find beauty in all things, even in the eyes that are blind to beauty.” ~ Kahlil Gibran
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