Oldest Nobel Prize winner Ronald Coase, influential British-born economist, dies at 102
Sep 3, 2013 / 1:51 pm
CHICAGO - British-born Nobel Prize winner Ronald Coase, a pioneer in applying economic theory to the law, has died at age 102.
The former University of Chicago professor was the oldest living Nobel laureate before his death Monday at a Chicago hospital.
University of Chicago Law School Dean Michael Schill says Coase died after a short illness. Schill says he spoke to Coase's caregiver, who was with him when he died.
The economist won the Nobel in economics in 1991. Schill says his work generated a new way of thinking about government regulation.
His most recent book â€” published just last year â€” looked at China's market transformation.
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