Sunday, April 15, 2012

A nice brief tribute from one economist, Don Boudreaux, to another:
Ronald Coase published his first seminal article (“The Nature of the Firm”) in 1937 (the year before my mother was born). Yesterday, in the Wall Street Journal, Coase published this new essay (co-authored with Ning Wang); it’s on recent Chinese history and on China’s likely future economic prospects. As is true of every word that I’ve read by the 101 year old Coase – and I’ve read, probably, about 75 percent of his published works – this essay is wise and clear.
Seventy-five years of high-level productivity; amazing and enviable.