Economic forces at work

Armen A. Alchian

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Economic Theory and Institutions Economic theories and models Law, Economics, and Judicial Systems

Abstract

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 working in a wide variety of apparently completely different social settings.

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