initiated by the Nobel Laureate

  • There is a slight difference between the two versions. In the first, the subject is "the Nobel Laureate". His name then becomes an appositive, and there should be a comma between the two:
    the Nobel Laureate, Robert Coase.

    In the second, "Robert Coase" is the subject, and "Nobel Laureate" serves as a sort of title or descriptor, much like saying "King Henry VII" or "Senator Jacob Javits" or "bank robber Willie Sutton."