Ronald H. Coase, Phd. was a Nobel Prize-Winning British-born Economist. 

 

For his discovery and clarification of the significance of transaction costs
and property rights for the institutional structure and functioning of
the economy, Ronald Coase received the Alfred Nobel Memorial Prize
in Economic Sciences in 1991. 

Professor Coase was Clifton R. Musser Professor Emeritus
of Economics at the University of Chicago Law School. He has been
affiliated with the University of Chicago since 1964. Earlier he served
on the faculty of the Dundee School of Economics and Commerce
(1932-1934), the University of Liverpool (1934-1935), the London
School of Economics (1935-1951), the University of Buffalo (1951-1958),
and the University of Virginia (1958-1964).

He was editor of the Journal of Law and Economics (1964-1982). 
He was the founding president of the International Society for
New Institutional Economics (1996-97).  He was the research advisor
to the Ronald Coase Institute.

He passed away on Labor Day, September 2, 2013.