Arrange the following Nobel Laureates according to their year of Award (latest being the first): A. Sir…
Latest first, the awards went to Claudia Goldin (2023), Douglass North (1993), Ronald Coase (1991), Arthur Lewis (1979) and Simon Kuznets (1971), giving D, C, E, A, B. North…
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Arrange the following Nobel Laureates according to their year of Award (latest being the first):
A. Sir Arthur Lewis
B. Simon Kuznet
C. Douglas C. North
D. Claudia Goldin
E. Ronald Coase
Answer and explanation
Correct answer C
Latest first, the awards went to Claudia Goldin (2023), Douglass North (1993), Ronald Coase (1991), Arthur Lewis (1979) and Simon Kuznets (1971), giving D, C, E, A, B. North and Coase are easily confused because both are new institutional economists honoured in the early 1990s, but Coase's prize came two years earlier. Kuznets received only the third Nobel Prize in economics, well before Lewis.
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UGC NET Economics