Think Freely Media presents Common Sense with Paul Jacob

Armen Alchian

On April 12, 1914, American economist Armen Alchian was born. His contributions to economic theory and teaching were many and varied — his textbook, co-authored with William R. Allen, University Economics (also titled Exchange and Production), was widely considered one of the finest intermediate texts in microeconomics — but he remains perhaps best known for his work on property rights.

Alchian died in 2014, in late February, at the age of 99.

By: Redactor

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