Epstein on Coase

Ronald Coase: One of a Kind
Richard A. Epstein
September 2, 2013

The news of Ronald Coase’s passing will doubtless bring forth well-deserved tributes for his massive contributions to the field of economics. I shall touch on them briefly here, but write primarily to tell something about the Ronald Coase whom I knew reasonably well for the past 41 years, since I first set foot in Chicago as a visiting associate professor in the fall of 1972.

Today, it might seem odd that I went through four years of legal education -- at both Oxford and Yale, between the years 1964 and 1968 -- and never once heard mention of the name Ronald Coase. The point, in retrospect, seems doubly odd because three of Coase