The University at Buffalo will honor Nobel Laureate Ronald Coase on May 12 at the Buffalo-Niagara Marriott from 9:30 a.m. to 4:30 p.m. as part of a conference that pays tribute to his innovative work, especially over the last decade. The State University of New York will also award Coase with an honorary doctorate degree the following day, during UB's 166th general commencement ceremony.
The invitation-only event is being organized by the Center for Human Capital in the UB Department of Economics.
Coase was a faculty member in UB's economics department for eight years in the 1950s, arriving here from the London School of Economics. In 1991 he was awarded the Nobel Prize in Economic Sciences for "his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy." His work has had a profound impact on modern economics: it clarified the theory of the firm and gave rise to the field of law and economics.
Coase is the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School and founder of the Ronald Coase Center for the Study of the Economy at Zhejiang University, China.
Read more at University at Buffalo News Office