Economic Forces at Work

by Armen A. Alchian

Book Overview

Alchian has made important contributions to the economic analysis of inflation and unemployment and to the theory of costs and of the firm. He has played the leading role in the development of a theory of property rights. His writing is distinguished by his ability to disentangle the essential from the trivial and, above all, by his skill in showing how the same basic economic forces are at work in a wide variety of apparently completely different...

• Format: Hardcover
• Language: English
• ISBN: 0913966304
• ISBN13: 9780913966303
• Release Date: May 1977
• Publisher: Liberty Fund
• Length: 524 Pages
• Weight: 1.80 lbs.
• Dimensions: 1.0" x 1.2" x 2.4"
• Age Range: 18 to 10 years
• Grade Range: Postsecondary to Grade 5

Customer Reviews

A collected work of a great ecocnomist

This book collects most of the important papers written by Armen Alchian, who has made great contribution on the development of new institutional economics. The topics of his works starts from analysis of uncertainty and information costs. One of his famous contribution ,the implications of shirking in team production is the main heading in the book. Other topics including inflation and cost defintion are included.In my opinion,the most impressive work to me is the paper which clarify the definition of cost. It is only Armen Alchian who is willing and has clear concept to write on such important concept but so many people has wrong understanding in what they believe as simple concept.