Which prestigious prize did Oliver E. Williamson receive in 2009?
Pulitzer Prize
Fields Medal
Nobel Memorial Prize in Economic Sciences
Booker Prize
Answer
Oliver E. Williamson received the Nobel Memorial Prize in Economic Sciences in 2009. He was awarded the prize for his work on transaction cost economics, which he developed in the 1970s. Transaction cost economics is a theory that explains how firms organize themselves and how they interact with other firms and with the market.
Discovering the Economics Legacy: The Oliver E. Williamson Quiz
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