The bio below comes from a published article and may now be dated.
Ronald Coase (1910–2013) was a British economist who became Clifton R. Musser Professor of Economics at the University of Chicago Law School. He received the Nobel Memorial Prize in Economic Sciences in 1991. He beseeched us to take responsibility for the total effect of our action, which, if spelling the governmentalization of social affairs, meant facing up to the downsides of governmentalization.