A very smart take and a very good read.
Here. From the story: "Anyone who cares about capitalism and economics should mourn the death of Ronald Coase." Quite so.
Well, kind of. (Via Ted Frank.)
The great man lived for over a century, but as is the case with the passing of other great and productive minds, one feels as though the world did not have him for nearly as long as he was needed. Here is the University of Chicago Law School remembrance, which helps sum up his extraordinary legacy: …