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Professor Ronald Coase has died aged 102 (wikipedia.org)
27 points by 001sky on Sept 8, 2013 | hide | past | favorite | 9 comments

When asked what he considered his politics to be, Coase stated, "I really don't know. I don't reject any policy without considering what its results are. If someone says there's going to be regulation, I don't say that regulation will be bad. Let's see. What we discover is that most regulation does produce, or has produced in recent times, a worse result. But I wouldn't like to say that all regulation would have this effect because one can think of circumstances in which it doesn't."

I think this a fabulously humble point of view. I wish more people thought this way.

Prior stories on this:

https://news.ycombinator.com/item?id=6326388 (to NYTimes story)

https://news.ycombinator.com/item?id=6324526 (to WSJ story) (several HN comments)

https://news.ycombinator.com/item?id=6319208 (Bloomberg story)

https://news.ycombinator.com/item?id=6318234 (University of Chicago)

No worries, but all of those stories are lacking in substance if not perspective. As a result, only one had any comments. And those were mostly pointing out how the WSJ (sadly) editorialized its headline with linkbait.

Here he is talking on EconTalk in 2012 about his work. An excellent introduction for those who prefer to listen rather than read: http://www.econtalk.org/archives/_featuring/ronald_coase/

Sorry, downvoted by mistake:|

Here is a good exposition of one of Coase's main breakthroughs: http://www.thebigquestions.com/2013/09/03/rip-ronald-coase/

102 years - not bad at all!

On the contrary, it's tragic that he didn't even get to celebrate his first millennium. He died so young!

We've already discussed this.

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