Belated Happy 102nd Birthday to Prof. Ronald Coase with special #PDFtribute

Saturday, 19 January, 2013

Happy belated 102nd Birthday to Nobel Economics Laureate Professor Ronald Coase. Wishing professor Coase good health and all the best in 2013!

In 2009, I took the initiative to spend a few days to download, process, upload, transcribe (small part of), and time-code professor Coase‘s 2003 Coase Lecture (a massive .mov file) to share on YouTube (6 clips in a playlist) to allow interested people from around the world to watch and learn as a way to celebrate professor Coase‘s 99th birthday.

Here is the 2003 Coase Lecture by Ronald Coase – Part 1. Watch the other 5 parts via this YouTube playlist.

For the last few birthdays of professor Coase, I mainly reshare the above video clips (with a new text interview in 2011). This time around, I’ve taken a new initiative to honour professor Coase‘s 102nd birthday. You see, a few years ago I went to the University of Calgary Law Library to conduct some US patent research for a client. As a bonus/treat for myself, I spent some time to download quite a few academic papers by professor Coase.

To celebrate professor Coase‘s 102nd birthday, I’ve uploaded the following three important papers plus a bonus paper as a special gift to readers of professor Coase‘s ideas.

Here are the PDFs of the academic papers
1937 – Nature of the Firm
1959 – The Federal Communications Commission (FCC)
1974 – The Lighthouse in Economics

Bonus academic papers
– 1947 – The Origin of the Monopoly of Broadcasting in Great Britain

In the wise words of professor Coase,

“The only support I got was from my contemporaries. […] If this tale has any general significance, it is that new ideas are most likely to come from the young who are also the group most likely to recognize the significance of those ideas.”

I was inspired to upload these academics papers by the #PDFtribute movement to honour the 26 years young Aaron Swartz (1986 – 2013) who died partly as a result from his fight with the outdated and outmoded JSTOR system to make academic papers available for free for all.

For me personally, I received these important papers for free from the Law Library. And I see them (Firm, FCCLighthouse) deserve to be read by as many people as possible instead of under the messed up limited JSTOR manner. The bottom line, to me, by having these papers available by a single click here is that this save people’s physical travel time to go down to their local university libraries where these papers can be downloaded for free anyway!

It has not escaped my attention and noticed the paradox that The Lighthouse in Economics is a paper that disprove, with facts, the incorrect belief by many people (including my former MBA classmate who has a B.A. degree in Economics) that Lighthouse services cannot be charged thus has to be made freely available by the governments!

*** Concluding thoughts ***

I want to emphasize that I totally agree with the many academics in the #PDFtribute movement and Aaron that it is about time we in Canada and US require academic papers to be made publicly downloadable for FREE in perpetuity if any part (or whole) of their research funding come from any level of government (thus tax payers’ money, our money)!

Happy 102nd birthday professor Coase!

Goodbye Aaron, you left us far too soon!

Ronald Coase, 101, Nobel Laureate: ‘I’ve Been Wrong So Often, I Don’t Find It Extraordinary At All’

Tuesday, 29 May, 2012

Have a listen to this precious 3:41 radio interview, “Nobel Laureate: ‘I’ve Been Wrong So Often, I Don’t Find It Extraordinary At All’“. One has to deeply admire the humility in professor’s Coase‘s answers.

Note: I had a great video interview with Ning Wang (co-author with Coase) to talk about their new book How China Became Capitalist. (Sample Chapter: You can download a free sample book chapter from Palgrave.)

Want to know How China Became Capitalist? – Free sample book chapter

Tuesday, 27 March, 2012

How China Became Capitalist by Ronald Coase (Nobel Laureate in Economics) & Ning Wang - published Mar 23, 2012

Curious about How China Became Capitalist in general and not just the book or have an interesting question/puzzle related to the Chinese economy? Share it in the comment and I will see if I can work it into my interview with Ning Wang (co-author with Ronald Coase (Nobel Laureate in Economics)) about How China Became Capitalist tomorrow (Mar 28) morning.

Sample Chapter: You can download a free sample book chapter from Palgrave.

March 28, 2012, 2pm Update: I had a most insightful 70+ minutes Skype interview with Ning Wang this morning. It will take me some time to edit & post the video and write the article. Stay tune.

How China Became Capitalist by Ronald Coase (Nobel Laureate in Economics) & Ning Wang (pub date: Mar 23)

Tuesday, 20 March, 2012

How China Became Capitalist - Ronald Coase & Ning Wang

October 30th, 2015 update: I forgot to add the video link, here it is: “Video interview Ning Wang – How China Became Capitalist, co-author with Ronald Coase Nobel Laureate in Economics


Just received the new book How China Became Capitalist (pub date: March 23) by Ronald Coase (Nobel Laureate in Economics) and Ning Wang. (download a sample chapter from Palgrave) I am reading the book and have planned a video interview with professor Wang. Stay tune for more updates in the near future. (see also Amazon)

*** Reviews of How China Became Capitalist ***

(note: emphasis added)

‘This is a major contribution to the whole literature on economic change as well as on China. Nowhere in all of the literature on economic change and development that I know is there such a detailed study of the fumbling efforts of a society to evolve and particularly one that had as long and as far to go as China did.’ – Douglass C. North, 1993 Nobel laureate in Economics

‘This book is one of the greatest works in economics and in studies of China, not only for today, but for the future.’ – Chenggang Xu, University of Hong Kong

Ronald Coase, now 100 years plus, and Ning Wang have written a compelling and exhaustive commentary about China’s fitful transition from Socialism under Mao to today’s distinctive capitalist economy. No student of China or socialism can afford to miss this volume.’ – Richard Epstein, University of Chicago Law School

Coase finds a nation whose philosophy and policy have reflected the same simple principle – “seeking truth from facts” – that has inspired his own path-breaking analyses of firms, markets and law. A fascinating and exceptionally thought-provoking account of how China, repeatedly seeking more efficient socialism, found itself turning capitalist.‘ – Stephen Littlechild, Emeritus Professor, University of Birmingham, and Fellow, Judge Business School, University of Cambridge

You don’t know what you can learn – New Quote I Love

Monday, 10 January, 2011

Here is a new addition to my list of quotes I love.

“You don’t know what you can learn until you try to learn.” – Nobel Economist Ronald Coase, in an interview conducted on 28th & 29th, December 2010 when he was 100 years old

Interview with Nobel Economist Ronald Coase on his 100th birthday

Sunday, 9 January, 2011

Check out this extensive interview with Professor Ronald Coase conducted by Wang Ning on December 28 and 29, 2010 at Chicago. [Source: University of Chicago Law School] The following are excerpts that I found particularly insightful to me from the interview (with emphasis added). Read the full interview yourself. Highly recommended.

WN (Wang Ning): First of all, happy birthday, professor Coase. As you know, Chinese economists are now holding a Conference in Beijing, “Coase and China”, to celebrate your 100th birthday. To my knowledge, no other western economist, probably with the exception of Karl Marx, has ever been so honored in China. The reason is twofold. It first has to do with the powerful influence of your ideas. Second, you clearly have a special feeling toward China. In Chinese culture, reciprocity is a high virtue. The first question many Chinese people have in mind is, what got you interested in China?

RC (Ronald Coase): I don’t know why I am interested in China. I have been interested for a long time, too long for me to remember. I read Marco Polo many years ago, probably as a schoolboy. It was an impressive book. I don’t think anyone can read the book without being impressed by the Chinese civilization. It went back many centuries. It made great achievements long before the rise of the West. That impression stayed with me forever.


RC: That wouldn’t happen. I was able to do my work at Chicago just as freely as I was at Buffalo.

WN: I think you were right. Given Steve‘s character, I don’t think anyone could stop him from developing his own thought.

RC: I am glad that I later strongly urged Steve to go to Hong Kong. I did not know how much good it would do. But given Steve’s influence in China, I think it was a good move.

Read the rest of this entry »

Prof. Ronald Coase, Happy 100th Birthday!

Wednesday, 29 December, 2010

I would like to wish Prof. Ronald Coase good health and all the best on his 100th Birthday (Dec 29th, 2010) and his new book to be published in 2011 (see attached Economist article)! “… Mr Coase will publish a new book in 2011, with Ning Wang of Arizona State University, on “How China Became Capitalist”

By the way, I have watched the following lecture videos by Prof. Coase probably over 5-10 times already and I am still learning something new every time. Enjoy. Note: More info after the videos.

Also check out the following,

– (video) Ronald Coase: “Markets, Firms and Property Rights”

Audio (downloadable) Ronald H. Coase: The 17th Annual Coase Lecture

– Ronald Coase Discusses Global Warming Regulation – Of Individual Liberty and Cap and Trade

– For the record, from Stephen N. S. Cheung(2011.01.04)科斯百岁了

And from Economist,

Why do firms exist? – Ronald Coase, the author of “The Nature of the Firm” (1937), turns 100 on December 29th
Schumpeter Dec 16th 2010 | from PRINT EDITION

FOR philosophers the great existential question is: “Why is there something rather than nothing?” For management theorists the more mundane equivalent is: “Why do firms exist? Why isn’t everything done by the market?” Read the rest of this entry »

%d bloggers like this: