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    Oldest Nobel Prize winner Ronald Coase dies at 102

    12:07 PM, Sep 3, 2013   |    comments
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    CHICAGO (AP) - 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.

    (Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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