I am a long admirer of his work on property rights. Prof Coase was also admirer of Prof F A Hayek's idea of choices in currencies and against of monopoly legal tender.
Read this paper titled "Other things equal: the so called coase theorem".
His very opening line of his Nobel lecture was very candid. He begun by saying:
- "In my long life I have known some great economists but I have never counted myself among their number nor walked in their company. I have made no innovations in high theory. My contribution to economics has been to urge the inclusion in our analysis of features of the economic system so obvious that,..."
"in a 60-year career he wrote only about a dozen significant papers and used little or no mathematics, yet his impact on his discipline was profound."
Here are some obituaries links:
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