Notable Economists – India and World

86. Who is known for the concept of “information asymmetry” in economics?
a) George Akerlof
b) Michael Spence
c) Joseph Stiglitz
d) Oliver Williamson

87. Who is known for the theory of “public choice” in economics?
a) James Buchanan
b) Ronald Coase
c) Elinor Ostrom
d) Robert Shiller

88. Who is known for the concept of “irrational exuberance” in economics?
a) Robert Shiller
b) Joseph Stiglitz
c) Richard Thaler
d) Eugene Fama

89. Who is known for the theory of “supply-side economics”?
a) Arthur Laffer
b) Milton Friedman
c) John Maynard Keynes
d) Friedrich Hayek

90. Who is known for the concept of “the tragedy of the commons” in economics?
a) Garrett Hardin
b) Elinor Ostrom
c) Ronald Coase
d) Thomas Piketty