In what year did Ronald Coase win the Nobel Prize?
1979
1982
1991
2001
Answer
The Nobel Prize in Economic Sciences was awarded to Ronald Coase in 1991 for his groundbreaking work on transaction costs and property rights. His seminal article, "The Problem of Social Cost," challenged the conventional wisdom of the time and laid the foundation for a new understanding of how economies function. Coase's insights have had a profound impact on a wide range of fields, including law, economics, and business.
Coase's Economic Conundrums: Unraveling the Legacy of a Nobel Laureate
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