Nobel Prize Winning Law Prof Dies At 102

Nobel-prize winning attorney Ronald Coase died Monday (Sept. 2) at the age of 102, the ABA Journal reports. The University of Chicago law professor and economist wrote the most-cited law review article of all time. In addition, the New Yorker's blog Rational Irrationality wrote that Coase “was transformed into an icon of the political right. His famous ‘Coase theorem’ was used to justify a hands-off approach to big business on the part of politicians, regulatory agencies, and judges, leaving pollution and other economic problems to the corrective powers of the free market.”