Loading Economics Nobel Prize
Celebrating breakthroughs in economic sciences.
Loading Economics Nobel Prize
Celebrating breakthroughs in economic sciences.
Economics · 1991
Ronald H. Coase received the 1991 Nobel Prize in Economics for his discovery and clarification of the significance of transaction costs and property rights for the institutional structure and functioning of the economy. The award recognizes how this contribution changed the direction of its field. This achievement represents one of the major advances recognized in economics at the time.