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Aged 102, Ronald Coase died on the 2nd of September

Ronald Harry Coase, the famous British economist and author of such papers as "The Nature of the firm" and "The Problem of Social Cost" died on the 2nd of September 2013 in the age of 102 years. However born in the United Kingdom, Mr Coase spent significant part of his life in the United States as well. He became Professor Emeritus of Economics at the University of Chicago Law School. Later, Mr Coase entered the London School of Economics. In 1991 he won the Nobel Prize in Economics. You can pay your tribute to Mr Coase here.

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