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Ronald Coase

Born: 29-12-1910 - Died: 02-09-2013
Cause of Death:
natural causes

Death Summary: natural causes

Who was Ronald Coase : Ronald Coase was a famous economist who developed the Coase Theorem, which states that the problem of externalities—one person taking an action that causes a cost for someone else—can be fixed without government action as long as property rights are clearly defined and transaction costs are low. He was also considered to be the "father" of reform in the policy for allocation of the electromagnetic spectrum.
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