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Universal Economics by Armen Albert Alchian and Jerry L. Jordan (2018,...

taleenlachinian
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eBay item number:265010410490

Item specifics

Condition
Brand new: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
Topic
Economics
Subject
Economics / General, Economics / Theory
ISBN
9780865979062
Subject Area
Business & Economics
Publication Name
Universal Economics
Publisher
Liberty Fund, Incorporated
Item Length
9 in
Publication Year
2018
Type
Textbook
Format
Trade Paperback
Language
English
Author
William R. Allen, Armen A. Alchian
Item Weight
31 Oz
Item Width
6 in
Number of Pages
744 Pages

About this product

Product Information

"No one has ever done price theory better than Alchian--that is, no one has ever excelled Alchian's ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few--I can count them on my fingers--have a claim for being considered to have done price theory as well as he did it." --Donald Boudreaux, George Mason University Universal Economics is a new work that builds on the foundation of its two predecessors, University Economics (1964, 1967, 1972) and Exchange and Production (1969, 1977, 1983). Collaborating again, Professors Alchian and Allen have written a fresh, final presentation of the analytical tools employed in the economic way of thinking. Universal Economics shows the critical importance of property rights to the existence and success of market economies. The authors explain the interconnection between goods prices and productive-asset prices and how market-determined interest rates bring about the allocation of resources toward the satisfaction of consumption demands versus saving/investment priorities. They show how the crucial role of prices in a market economy cannot be well understood without a firm grasp of the role of money in the modern world. The Alchian and Allen application of information and search-cost analysis to the subject of money, price determination, and inflation is unique in the teaching of economic principles. Armen A. Alchian (1914-2013), one of the twentieth century's great teachers of economic science, taught at UCLA from 1946 to 1984. Founder of the UCLA tradition in economics, he has become recognized as one of the most influential voices in the areas of market structure, property rights, and the theory of the firm. William R. Allen taught at Washington University prior to joining the UCLA faculty in 1952. Along with research primarily in international economics and the history of economic theory, he has concentrated on teaching economics. Universal Economics is his third textbook collaboration with Armen Alchian. Jerry L. Jordan wrote his doctoral dissertation under the direction of Armen Alchian. He was Dean of the School of Management at the University of New Mexico, a member of President Reagan's Council of Economic Advisors and of the U.S. Gold Commission, Director of Research of the Federal Reserve Bank of Saint Louis, and President and CEO of the Federal Reserve Bank of Cleveland.

Product Identifiers

Publisher
Liberty Fund, Incorporated
ISBN-10
0865979065
ISBN-13
9780865979062
eBay Product ID (ePID)
242857908

Product Key Features

Number of Pages
744 Pages
Language
English
Publication Name
Universal Economics
Publication Year
2018
Subject
Economics / General, Economics / Theory
Type
Textbook
Subject Area
Business & Economics
Author
William R. Allen, Armen A. Alchian
Format
Trade Paperback

Dimensions

Item Weight
31 Oz
Item Length
9 in
Item Width
6 in

Additional Product Features

LCCN
2017-052105
Dewey Edition
23
Reviews
No one has ever done price theory better than Alchianthat is, no one has ever excelled Alchians ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious fewI can count them on my fingershave a claim for being considered to have done price theory as well as he did it. -Donald Boudreaux, George Mason University
Target Audience
College Audience
Illustrated
Yes
Dewey Decimal
330
Lc Classification Number
Hb171.5.A339 2018
Copyright Date
2018

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