Armen Alchian
Armen A. Alchian | |
|---|---|
| Born | April 12, 1914 Fresno, California, U.S. |
| Died | February 19, 2013 (aged 98) Los Angeles, California, U.S. |
| Academic background | |
| Education | Stanford University (BA, PhD) |
| Influences | Adam Smith, Ludwig von Mises, Friedrich Hayek |
| Academic work | |
| Discipline | Microeconomics Property rights Law and economics |
| School or tradition | New Institutional Economics Chicago School Neoclassical economics |
| Institutions |
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| Doctoral students | William F. Sharpe, David R. Henderson, Steven N. S. Cheung, Jerry Jordan |
| Awards |
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Armen Albert Alchian (/ˈɑːltʃiən/; April 12, 1914 – February 19, 2013) was an American economist who made major contributions to microeconomic theory and the theory of the firm. He spent almost his entire career at the University of California, Los Angeles (UCLA), and is credited with turning its economics department into one of the country's best. He is also known as one of the founders of new institutional economics, and widely acknowledged for his work on property rights.