Armenians
THEIR GROUNDBREAKING CONTRIBUTIONS REFLECT A LEGACY OF INNOVATION THAT CONTINUES TO INSPIRE FUTURE GENERATIONS
Armen Albert Alchian
Economist
Bio
Armen Alchian (1914 in Fresno, California - 2013) was a renowned economist and professor of economics at UCLA.
After serving as a statistician with the US Army Air Corps from 1942 to 1946, he joined the Economics Department at UCLA, where he spent the rest of his career.
Long affiliated with the Rand Corporation, Alchian was elected a fellow of the American Academy of Arts and Sciences in 1978. In 1996, he became a distinguished fellow of the American Economic Association.
Founder of the “UCLA tradition” in economics and what has come to be known as the new institutional economics, Alchian is the author of groundbreaking articles on various economics subjects as well as the
theory of the firm.
Moreover, Alchian is the co-author (with William Allen) of the influential introductory-economics work Exchange and Production.