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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