Sign in to comment!

Menu
Home

Economy

Oldest Nobel Prize winner Ronald Coase, influential British-born economist, dies at age 102

Nobel Prize winner Ronald Coase (KOHS), a pioneer in applying economic theory to the law, has died at age 102.

The former University of Chicago professor was the oldest living Nobel laureate before his death Monday at a Chicago hospital.

University of Chicago Law School Dean Michael Schill says Coase died Monday after a short illness. Schill says he spoke to Coase's caregiver who was with him when he died.

The British-born economist won the Nobel in economics in 1991. Schill says his work generated a new way of thinking about government regulation.

His most recent book — published just last year — looked at China's market transformation.

University of Chicago Law School's Coase-Sandor Institute for Law and Economics is named for Coase and donors Richard and Ellen Sandor.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.90% dw 4.01%  
15 Y Fixed Graph 3.01% dw 3.13%  
30 Y Fixed Jumbo Graph 4.29% up 4.27%  
5/1 ARM Graph 3.19% dw 3.26%  
5/1 Jumbo ARM Graph 3.85% up 3.84%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.37% dw 4.38%  
$50K HELOC Graph 4.07% up 4.06%  
$30K Loan Graph 4.64% up 4.63%  
$50K Loan Graph 4.25% -- 4.25%  
$75K Loan Graph 4.25% -- 4.25%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.07% up 3.06%  
36 M Used Graph 3.29% up 3.28%  
48 M New Graph 3.06% up 3.04%  
48 M Used Graph 2.95% dw 2.96%  
60 M New Graph 3.13% up 3.12%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% -- 0.39%  
1 yr Graph 0.63% up 0.62%  
5 yr Graph 1.48% dw 1.51%