"The Problem of Social Cost" was published in what year?
1940
1950
1960
1970
Answer
Published in 1960, "The Problem of Social Cost" addresses the gap between private costs borne by individuals and social costs incurred by society as a whole. It highlights the need for economic policies to account for these externalities and ensure a more efficient allocation of resources.
Coase's Economic Conundrums: Unraveling the Legacy of a Nobel Laureate
More Questions
What's the primary subject of "The Problem of Social Cost"?
What title did Coase hold at the University of Chicago?
Coase was a proponent of studying real markets as opposed to what?
What economic concept did Coase's "Nature of the Firm" help to explain?
Coase served as the editor of which important journal?
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