Abstract Ronald Coase (1937), in his article “Nature of the Firm,” argued that if the price mechanism is used, a factor of production (owner of the firm) would need to negotiate a series of contracts separately with each of the factors with whom he is co-operating; these contract negotiation...

Abstract It is an intimidating challenge, both emotionally and intellectually, to write something of enough worth to celebrate the 80th birthday of Steven Cheung and to honor the memory of Professor Ronald Coase. Both are serious scholars. Coase was a devoted scholar; nothing interested him...

Abstract This is a personal reflection from my experience meeting Ronald H. Coase in October 2012 for a 2-day interview together with Ning Wang. Our interview was one of the world’s last glimpses of Coase’s life and contributions, and one that conveys Coase’s contributions as both a true...