Armen A. Alchian Books

Armen Alchian was an influential economist whose work focused on understanding the principles of market organization and functioning. His analyses emphasized the importance of informal rules and evolutionary processes in shaping economic institutions. Alchian's approach was characterized by a pursuit of rigorous theoretical models that could also explain real-world economic phenomena. His contributions continue to inspire economists working in microeconomics, the theory of the firm, and institutional economics.