Abstract Background Image Banner
#318 Overall Influence

Ronald Coase

British economist and author

About

Why is this person notable and influential?

From Wikipedia

Ronald Harry Coase was a British economist and author. He was the Clifton R. Musser Professor of Economics at the University of Chicago Law School, where he arrived in 1964 and remained for the rest of his life. He received the Nobel Memorial Prize in Economic Sciences in 1991. Coase, who believed economists should study real markets and not theoretical ones, established the case for the corporation as a means to pay the costs of operating a marketplace. Coase is best known for two articles in particular: "The Nature of the Firm" , which introduces the concept of transaction costs to explain the nature and limits of firms; and "The Problem of Social Cost" , which suggests that well-defined property rights could overcome the problems of externalities . Additionally, Coase's transaction costs approach is currently influential in modern organizational economics, where it was reintroduced by Oliver E. Williamson.

Source: Wikipedia

Published Works

Metadata from Crossref logo

Other Resources

Schools

What schools is this person affiliated with?

University of Chicago

Private research university in Chicago, Illinois, United States

University of London

Federal research university in London, England

University of Virginia

Public research university in Charlottesville, Virginia, United States

University of Dundee

Public research university in Dundee, Scotland

University at Buffalo

University with campuses in and around Buffalo, NY and Amherst, NY

Influence Rankings by Discipline

How’s this person influential?
#21 World Rank
Economics
#284 World Rank
History
#1091 World Rank
Literature