“for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy”
Ronald H. Coase was a British economist. He won the Nobel Prize in Economic Sciences in 1991 for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy. He is known for his work on the theory of the firm and social cost.
- Field
- Business & Economics · Economics
- Lifespan
- 1910–2013