The Microeconomic Foundations of Employment and Inflation Theory

Business & Money

Alchian, Armen A.

Archibald, G. C.

Economics

W.W.Norton&Company

Exchange and Production: Competition, Coordination and Control [Dec 01, 1977] Alchian, Armen A. and Allen, William R.

Exchange and production: Competition, coordination, and control

Wadsworth Publishing Company

Recognized as one of the most influential voices in the areas of market structure, the theory of the firm, law and economics, resource unemployment, and monetary theory and policy, Armen Alchian outlines the UCLA tradition which he helped found and explores its many unanticipated consequences.

ARMEN A ALCHIAN DVD: INTELLECTUAL PORTRAIT SERIES

Liberty Fund, Inc.

The Collected Works of Armen A. Alchian: 1 (Works of a Armen Albert Alchian)

Liberty Fund is proud to present, in two volumes, "The Collected Works of Armen A Alchian", bringing together Alchian's most influential essays, articles, editorials, and lectures to provide a comprehensive record of his thinking on a broad range of topics in economics. As various and as specific as some of this collection's topics are, they are unified, as editor Daniel K Benjamin writes, by 'both a coherent methodology for doing economics, and a view of the world that celebrates the importance of individual liberty'. Benjamin goes on to state that, in Alchian's view, 'the purpose of theory is never theory in and of itself; it is instead to help individuals understand the world around them'.

The Collected Works of a Alchian: Choice and Cost Under Uncertainty: 1 (Works of a Armen Albert Alchian)

COLLECTED WORKS OF ARMEN A ALCHIAN VOL 2 CL, THE (Works of a Armen Albert Alchian)

Presents Armen A Alchian's some of the most influential essays, articles, editorials, and lectures to provide a comprehensive record of his thinking on a broad range of topics in economics.

COLLECTED WORKS OF ARMEN ALCHIAN VOL 2 PB, THE (Works of a Armen Albert Alchian)

The Collected Works of Armen A. Alchian

Armen Alchian has helped found several schools of economic thought and is the founder of the UCLA tradition in economics and one of the most influential voices in the areas of market structure, property rights, and the theory of the firm. His career has spanned seven decades, with a stint in the military during World War II. Alchian has left an indelible mark on economics and has taught and inspired generations of students. Liberty Fund is proud to present, in two volumes, The Collected Works of Armen A. Alchian, bringing together Alchian’s most influential essays, articles, editorials, and lectures to provide a comprehensive record of his thinking on a broad range of topics in economics. As various and as specific as some of this collection’s topics are, they are unified, as editor Daniel K. Benjamin writes, by both a coherent methodology for doing economics, and a view of the world that celebrates the importance of individual liberty.” Benjamin goes on to state that, in Alchian’s view, the purpose of theory is never theory in and of itself; it is instead to help individuals understand the world around them.” The first of two volumes, Choice and Cost under Uncertainty, is a collection of Alchian’s major scholarly articles, some short papers published in nontechnical periodicals, and some monographs from his years at the RAND Corporation. These papers range over topics from the energy crises to linear progress curves, yet all focus on the effect of the individual on markets and costs through various decision-making processes. This volume also presents Alchian’s unique work on the effects of inflation. The second volume of this collection, Property Rights and Economic Behavior, focuses on Alchian’s merging of law and economics, in particular the economics of property rights. Here Alchian, with assistance from Ronald Coase and Harold Demsetz, expands upon the economic rationale behind property rights and demonstrates that these are not distinct from human rights but rather are integral to them. These seminal works go against the grain of conventional wisdom, pointing out among other things the lack of wealth-maximization objectives in various levels of government and nonprofit organizations. Alchian’s powerful economic methodology resists the tide, for the sake of the individual and hence for all of society. As these volumes vividly illustrate, Armen Alchian has transformed the way economists think about the world. He is responsible, for example, for some of the earliest work on the economics of property rights, showing how governments and nonprofit organizations can be understood with the same tools that are applied to the private sector. He has also demonstrated the crucial importance of legal institutions in shaping economic decisionmaking and laid the foundations for the modern understanding of the business firm. Testimony to the scope and depth of Alchian’s work is that his papers continue to be influential decades after their initial publication. Armen A. Alchian is Professor Emeritus of Economics at UCLA. Daniel K. Benjamin is Professor of Economics at Clemson University.

Liberty Fund

Universal Economics

No one has ever done price theory better than Alchian that is, no one has ever excelled Alchian s ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few I can count them on my fingers have a claim for being considered to have done price theory as well as he did it. Donald Boudreaux, George Mason University
Universal Economics is a new work that builds on the foundation of its two predecessors, University Economics (1964, 1967, 1972) and Exchange and Production (1969, 1977, 1983). Collaborating again, Professors Alchian and Allen have written a fresh, final presentation of the analytical tools employed in the economic way of thinking.
Universal Economics shows the critical importance of property rights to the existence and success of market economies. The authors explain the interconnection between goods prices and productive-asset prices and how market-determined interest rates bring about the allocation of resources toward the satisfaction of consumption demands versus saving/investment priorities. They show how the crucial role of prices in a market economy cannot be well understood without a firm grasp of the role of money in the modern world. The Alchian and Allen application of information and search-cost analysis to the subject of money, price determination, and inflation is unique in the teaching of economic principles.
Armen A. Alchian (1914 2013), one of the twentieth century s great teachers of economic science, taught at UCLA from 1958 to 1984. Founder of the UCLA tradition in economics, he has become recognized as one of the most influential voices in the areas of market structure, property rights, and the theory of the firm.
William R. Allen taught at Washington University prior to joining the UCLA faculty in 1952. Along with research primarily in international economics and the history of economic theory, he has concentrated on teaching economics. Universal Economics is his third textbook collaboration with Armen Alchian.
Jerry L. Jordan wrote his doctoral dissertation under the direction of Armen Alchian. He was Dean of the School of Management at the University of New Mexico, a member of President Reagan s Council of Economic Advisors and of the U.S. Gold Commission, Director of Research of the Federal Reserve Bank of Saint Louis, and President and CEO of the Federal Reserve Bank of Cleveland.

Allen, William R.

See the best price to sell, buy, or rent books by Alchian, Armen A.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Alchian, Armen A.

See the best price to sell, buy, or rent books by Alchian, Armen A.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The Microeconomic Foundations of Employment and Inflation Theory

Exchange and production: Competition, coordination, and control

ARMEN A ALCHIAN DVD: INTELLECTUAL PORTRAIT SERIES

The Collected Works of Armen A. Alchian: 1 (Works of a Armen Albert Alchian)

The Collected Works of a Alchian: Choice and Cost Under Uncertainty: 1 (Works of a Armen Albert Alchian)

COLLECTED WORKS OF ARMEN A ALCHIAN VOL 2 CL, THE (Works of a Armen Albert Alchian)

COLLECTED WORKS OF ARMEN ALCHIAN VOL 2 PB, THE (Works of a Armen Albert Alchian)

The Collected Works of Armen A. Alchian

The Collected Works of Armen A. Alchian

Universal Economics