Ronald Coase
1910–2013 (age 103)
Economist
Biography
Born in 1910 in England, Ronald Coase spent a lifetime examining the economic and legal frameworks that govern everyday life, eventually teaching generations of students at the University of Chicago and earning recognition for his insightful explorations of property rights.
His Nobel Prize-winning work on transaction costs and the nature of firms continues to guide scholars and policymakers, and his memory is honored at Graceland Cemetery alongside the many individuals who benefited from his steady scholarship.