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'''Ronald Coase''' (29 December 1910 – 2 September 2013) was an English-born economist who immigrated to the United States and became a leader of the [[Chicago School of Economics]] at the University of Chicago. He is best known for creating the [[Coase theorem]].  Coase was a [[socialist]] as a student, but changed his views when he learned in an [[economics]] course about [[free market]] ideas such as the "[[invisible hand]]".<ref>"Coase, then a socialist, grasped as seminal the idea of spontaneous coordination in the marketplace, and his career as a creative and provocative economic thinker was born." [http://www.reason.com/news/show/30115.html ''Reason'']</ref>

'''Ronald Coase''' (December 29, 1910 – September 2, 2013) was an English-born economist who immigrated to the United States and became a leader of the [[Chicago School of Economics]] at the University of Chicago. He is best known for creating the [[Coase theorem]].  Coase was a [[socialist]] as a student, but changed his views when he learned in an [[economics]] course about [[free market]] ideas such as the "[[invisible hand]]".<ref>"Coase, then a socialist, grasped as seminal the idea of spontaneous coordination in the marketplace, and his career as a creative and provocative economic thinker was born." [http://www.reason.com/news/show/30115.html ''Reason'']</ref>

He generally opposed government regulation and he became vilified by liberal academics for his work.  He described how colleagues at the [[University of Virginia]]:<ref>http://www.reason.com/news/show/30115.html</ref>

He generally opposed government regulation and he became vilified by [[liberal]] academics for his work.  He described how colleagues at the [[University of Virginia]]:<ref>http://www.reason.com/news/show/30115.html</ref>

:...thought the work we were doing was disreputable. They thought of us as right-wing extremists. My wife was at a cocktail party and heard me described as someone to the right of the [[John Birch Society]]. There was a great antagonism in the '50s and '60s to anyone who saw any advantage in a market system or in a nonregulated or relatively economically free system.

:...thought the work we were doing was disreputable. They thought of us as right-wing extremists. My wife was at a cocktail party and heard me described as someone to the right of the [[John Birch Society]]. There was a great antagonism in the '50s and '60s to anyone who saw any advantage in a market system or in a nonregulated or relatively economically free system.

== References ==

== References ==

 

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[[Category:Economists]]

[[Category:Economists]]

[[Category:Nobel Laureates in Economics]]

[[Category:Nobel Laureates in Economics]]