Uncertainty and Economic Evolution: Essays in Honour of Armen Alchian

Few economists can rival the impact which Armen A. Alchian has had in so many areas of economics. From economic law to industrial organization, macroeconomics to finance and basic economic theory, his dynamic style and far-reaching ideas have influenced generations of economists. In this collection leading economists pay tribute to Armen A. Alchian’s life and work. All aspects of his work are discussed, including topics little studied by economists, such as the influence social norms have on the success of government institutions and notions of cost for the definitions of coercion and freedom. These papers continue Armen Alchian’s work in a variety of areas and make clear that his ideas and writings have withstood the test of time. Economists in a number of disciplines will find this collection fascinating. Terry Anderson, Montana State University, USA; Stephen Cornell, University of California, San Diego, USA; Harold Demsetz, University of California, Los Angeles, USA; Art De Van