Associate Project Manager William Mellor shares this blog post in remeberance of one of the 20th centuries great economic minds, Mr. Ronald Coase. His economic philosophy on the concept and consequence of externalities and fault brought a new balanced perspective to the unique nature of individual situations requiring their own unique observation. His theories won him a Nobel Prize in 1991 for Economics and his work is widely referrenced throughout academia and the field of Economics.
Ronald Harry Coase 1910-2013
photo courtesy of http://www.thebigquestions.com