Ronald Coase's China

Even the time of Professor Ronald Coase's demise was unconventional. At the age of 102, he had just published a book with Dr. Ning Wang, an associate professor at Arizona State University, with the alluring title How China Became Capitalist1 . The younger author must of course have brought with him a deep knowledge of China under communism and carried out most of the factual research. Coase's hand however is there, in his refusal to be tied down by preconceived opinion and his ability to recognize 'the consequences of human action but not of human design.'

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