Nobel Prize winner Ronald Coase took his last breath at the age of 102. He won the prestigious prize for applying the theory of economy to the law. He was the oldest professor of Chicago University who won the Nobel Prize. This genius won the Nobel Prize in the year of 1991. He was British by his origin. He showed the new way of thinking about law and its cost. This renowned oldest man passed away at a hospital in Chicago. He was appreciated for his thought about law and economy in law by the other geniuses. He is considered as the founding father of economics and law.
Ronald Coase was born in the year of 19190 in London. He went to school as a physically defective kid in his childhood for wearing the braces on his leg. He wrote about these days of his childhood in the biographical essay that he wrote for the Nobel organization. He found that the economy system is not related with the real world. He found the economical system in some other way. His findings about law in the different way are remarkably appreciable and that is why he awarded with the Nobel Prize.
He disclosed some important issues regarding the economic system and the government rules in an interview. His observation and the thought about the socio economic system are disclosed by him in that interview. His depth in the subject and new sights about the economy of the country and the governmental regulations are discussed by him in various ways. His different thoughts regarding the subject can make anyone amazed. His book on the subject of China market transformation is published in the market at his 101 age. He wrote this book with his student and his clear though on the subject is reflected in his writing as well. via legacy