Among the impressive outcomes reported by the organization: eleven of its scientists went on to receivetheNobelPrize for their work, and many others had made pioneering discoveries that led to new prevention, diagnosis and treatment methodologies.
As insights go, this may seem obvious, but Mr. Coase would eventually receivetheNobelPrize, in 1991, for pointing out what wasn't actually obvious in the 1930s and for going on to lay the foundation for institutional economics.
As the Soviets are wont to say, it is no accident that President Gorbachev has declined at such a moment to receive in person theNobel Peace Prize he was awarded earlier this year at the ceremony in Oslo on 10 December.