Update, Sept. 4: We added the audio for David Kestenbaum's radio obituary of Ronald Coase.
If you created the world as a simple economic thought experiment, companies wouldn't exist. Instead, everybody would work for themselves, and they'd be constantly selling their labor (or the fruits of their labor, or use of their tools, or whatever) to the highest bidder. Wages would rise and fall every day (every hour! every second!) depending on supply and demand. That's how the market works, after all.
Marian McPartland, who gave the world an intimate, insider's perspective on one of the most elusive topics in music — jazz improvisation — died of natural causes Tuesday night at her home in Long Island, N.Y. She was 95.
The writer Elmore Leonard has died. He was 87 years old and had recently suffered a stroke.
For decades, Leonard — working at the very top of his profession as a crime writer — had been widely acclaimed, and universally read. He published 46 novels, which resulted in countless movie and TV adaptations, including the movies Out of Sight and Get Shorty and the TV series Justified.
Elmore Leonard's writing desk at his home in Bloomfield Village, just outside Detroit. He wrote each page of his books by hand on canary yellow paper.
Credit Noah Adams / NPR
Upon hearing news of the death of Elmore Leonard, NPR correspondent and former All Things Considered co-host Noah Adams recalls a day he spent with the crime writer in his hometown.
Three years ago, I rode with Elmore Leonard in the back of a rental car to see Detroit and remember what it once was. Much of it was sadly puzzling to him, especially the empty space where Tiger Stadium had been.