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'''Ronald Coase''' (b. 1910) is 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''' (b. 1910) is 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>