By Oswald Sobrino, J.D.; M.A. (Econ.); M.A. (Theo.); M.L. (Master of Latin), doctoral student, University of Florida.

Wednesday, September 4, 2013

The Humble Economist Who Changed Both Law and Economics

Read about the economist Ronald Coase of the University of Chicago who recently passed away at this N.Y. Times link.

He disdained the "equation-heavy approach" that has ruined so much of graduate study in economics, especially for those of us who admire the old-fashioned but still highly relevant field of political economy. Prof. Coase was an insightful analyst--not a mere numbers cruncher. We need more like him in economics and in other fields.

(Image under Creative Commons license at Wikimedia Commons)