Dear Readers & Thinkers,

 As most of you know, Ronald Coase, passed away this week on September 2, 2013.  I still remember my undergraduate Law & Economics class and the wide application of the Coase Theorem.

 Some thoughts about Coase:

http://www.nytimes.com/2013/09/04/business/economy/ronald-h-coase-nobel-winning-economist-dies-at-102.html?_r=0

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/04/the-coase-theorem-is-widely-cited-in-economics-ronald-coase-hated-it/

http://legacy.suntimes.com/obituaries/chicagosuntimes/obituary.aspx?n=ronald-coase&pid=166781771#fbLoggedOut

http://www.law.uchicago.edu/faculty/coase

The Simple Coase Example:

http://faculty.wcas.northwestern.edu/~mwitte/pf/handouts/coase.html

Funny applications of Coase:

http://www.abajournal.com/weekly/nyu_students_seek_coveted_law_school_classes_will_pay_cash

Enjoy!

Ludwig

September 4, 2013