Armen Alchian

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Recent publications · Crossref

5 total works indexed

1. Vertical Integration, Appropriable Rents, and the Competitive Contracting Process

   · 1978 · cited 3,461x

2. The Molecular Taxonomy of Primary Prostate Cancer

   · 2015 · cited 2,550x

3. Uncertainty, Evolution, and Economic Theory

   · 1950 · cited 2,398x

4. Aleatory or epistemic? Does it matter?

   · 2009 · cited 1,943x

5. 2018 ESC Guidelines for the management of cardiovascular diseases during pregnancy

   · 2018 · cited 1,906x

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Quotes

• “It is a general prevalence of double coincidence of information rather than wants by both parties that would avoid the use of money.”
• “Where foresight is uncertain, “profit maximization” is meaningless as a guide to specifiable action.”
• “The greater the uncertainties of the world, the greater is the possibility that profits would go to venturesome and lucky rather than to logical, careful, fact-gathering individuals.”
• “Like the biologist, the economist predicts the effects of environmental changes on the surviving class of living organisms; the economist need not assume that each participant is aware of, or acts according to, his cost and demand situation.”
• “Alchian: Perhaps it might have been more appropriate for the Nobel Prize to have gone to you and Hicks together, and [Kenneth] Arrow and [[Gunnar Myrdal|[Gunnar] Myrdal]] together.Hayek: Oh, surely. [laughter]”

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Wikidata facts

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