Coase's work influenced which area of economics?
Behavioral
Organizational
Keynesian
Classical
Answer
**Organizational economics**, the study of how firms organize and make decisions, was significantly influenced by Coase's work on transaction costs and the nature of the firm. Coase's insights on the role of transaction costs in determining the boundaries of the firm and the importance of institutions in facilitating exchange provided a framework for understanding the organization and governance of firms.
Coase's Economic Conundrums: Unraveling the Legacy of a Nobel Laureate
More Questions
Coase believed economists should avoid becoming a “hard science of choice” and instead consider what factors?
What is the field where Coase reintroduced transaction cost theory?
In which article did Coase introduce the concept of transaction costs?
The Coase Theorem deals with what kind of rights?
"The Problem of Social Cost" was published in what year?
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