The Collected Works of a Alchian: Choice and Cost Under Uncertainty: 1 (Works of a Armen Albert Alchian)

Liberty Fund is proud to present, in two volumes, "The Collected Works of Armen A Alchian", bringing together Alchian's most influential essays, articles, editorials, and lectures to provide a comprehensive record of his thinking on a broad range of topics in economics. As various and as specific as some of this collection's topics are, they are unified, as editor Daniel K Benjamin writes, by 'both a coherent methodology for doing economics, and a view of the world that celebrates the importance of individual liberty'. Benjamin goes on to state that, in Alchian's view, 'the purpose of theory is never theory in and of itself; it is instead to help individuals understand the world around them'.