Abstract
Alchian was born in Fresno, California, in 1914. During his economic education at Stanford he inherited from his statistics teacher, Allen Wallis, an insatiable curiosity about real-world observations. Alchian invariably aims toward the derivation of testable implications. Whether his subject is charity, tenure, organization, money, inflation, or unemployment, he adheres firmly to the elementary principles of price theory.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman.
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Cheung, S.N.S. (1987). Alchian, Armen Albert (born 1914). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_362-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_362-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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