Law School lecturer Dr. Richard Sandor and his wife, Ellen Sandor, are the primary donors behind a $10 million gift to the Law School’s Institute of Law and Economics announced Thursday. The Institute will be renamed the Coase-Sandor Institute of Law and Economics in honor of the Sandor’s mentor, Nobel Laureate Ronald Coase.
The Institute, founded in 2011, will continue to promote scholarship merging law and economics. This integrated approach was pioneered by Coase, the Clifton R. Musser Professor Emeritus of Economics at the Law School.
As the former vice president and chief economist at the Chicago Board of Trade in the 1970s, Mr. Sandor is known as the “father of financial futures” after developing the idea of the first interest-rate futures contract. He is currently working to create markets for carbon trading.