Armen Alchian

Economist, created property rights theory

Armen Alchian - Economist, created property rights theory
Born

April 12th, 1914
111 years ago

Died

February 19th, 2013
12 years ago — 98 years old

Category

Thinkers & Philosophers

Country

United States

Links & References

An economist and academic contributed significantly to the field of economics, particularly in the areas of property rights and the theory of the firm. A professor at the University of California, Los Angeles, focused on microeconomic theory and price theory. Co-authored the influential book 'Economic Forces at Work', which examined economic mechanisms and market processes. Additionally, established principles related to transactions, contracts, and the role of businesses within the economy.

Developed the Alchian-Allen theorem

Published 'Economic Forces at Work'

Contributed to property rights theory

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