Ronald Harry Coase was a British economist and author. Coase was educated at the London School of Economics, where he was a member of the faculty until 1951. He was the Clifton R. Musser Professor of Economics at the University of Chicago Law School, where he arrived in 1964 and remained for the rest of his life. He received the Nobel Memorial Prize in Economic Sciences in 1991. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1991, announced October 15, 1991. Ronald H. Coase, “for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy”. Ronald H. Coase: born 1910, Willesden, United Kingdom. Wiki link Data: the Nobel Foundation (CC0).