Economics Nobel laureate Ronald Coase is currently in discussion with university publishers about launching a new economics journal. The tentative title of the new journal is Man and the Economy
. Earlier this year Coase co-authored the book, How China Became Capitalist.
Coase's Nobel prize mainly rests on the basis of two famous papers he authored - The Nature of the Firm
(1937), and The Problem of Social Cost
Today, December 29, Ronald Coase celebrates his 102nd birthday. So here's wishing Professor Coase a very happy birthday and also thanking him for giving the rest of us hope that we too can live not just long lives, but long productive lives.