{"product_id":"the-collected-works-of-armen-a-alchian","title":"The Collected Works of Armen A. Alchian","description":"\n\u003ctable align=\"center\" border=\"0\" cellpadding=\"2\" cellspacing=\"0\" width=\"100%\"\u003e\n\u003ctr\u003e\n\u003ctd class=\"productDetailSmallElements\"\u003e\n\u003cp\u003e\n\u003cstrong\u003eTable of Contents\u003c\/strong\u003e:\u003cbr\u003e\n\t\t\t\t\t\t\t\tVolume 1 \n\u003cbr\u003eIntroduction ix \n\u003cbr\u003eIntroduction to \"Economic Forces at Work (Ronald H. Coase)\" xvii \n\u003cbr\u003ePrinciples of Professional Advancement xxi \n\u003cbr\u003ePART 1 UNCERTAINTY AND INFORMATION COSTS \n\u003cbr\u003eUncertainty, Evolution and Economic Theory 3 \n\u003cbr\u003eBiological Analogies in the Theory of the Firm: Comment 18 \n\u003cbr\u003eReview of \"The Investment Decision\" 22 \n\u003cbr\u003eThe Meaning of Utility Measurement 26 \n\u003cbr\u003eInformation Costs, Pricing and Resource Unemployment 53 \n\u003cbr\u003eWhat Is the Best System? 78 \n\u003cbr\u003eMarket Value Effects of Take-Overs? An All-or-Nothing 106 \n\u003cbr\u003eTender of Conjectures \n\u003cbr\u003e(\"Armen A. Alchian, Henry Manne, and Susan Woodward\") \n\u003cbr\u003eInformation, Martingales and Prices 113 \n\u003cbr\u003eWhy Money? 123 \n\u003cbr\u003eTrading Stamps (\"Armen A. Alchian and Benjamin Klein\") 132 \n\u003cbr\u003eThere Really Is a Free Service 143 \n\u003cbr\u003eWhy Brand Names? 148 \n\u003cbr\u003eThe Chef, Gourmet and Gourmand 151 \n\u003cbr\u003ePART 2 COST \n\u003cbr\u003eCosts and Outputs 161 \n\u003cbr\u003eCost 180 \n\u003cbr\u003eReliability of Progress Curves in Airframe Production 202 \n\u003cbr\u003ePART 3 THE SOURCE AND MEASUREMENT OF INFLATION \n\u003cbr\u003eOn a Correct Measure of Inflation 225 \n\u003cbr\u003e(\"Armen A. Alchian and Benjamin Klein\") \n\u003cbr\u003eBe Wary of the CPI Commission Report! 248 \n\u003cbr\u003e(\"Armen A. Alchian and Harold M. Somers\") \n\u003cbr\u003eThere's Only 1 Cause for Inflation 249 \n\u003cbr\u003eProblems of Rising Prices 253 \n\u003cbr\u003ePART 4 EFFECTS OF INFLATION \n\u003cbr\u003eEffects of Inflation (\"Reuben A. Kessel and Armen A. Alchian\") 277 \n\u003cbr\u003eRedistribution of Wealth Through Inflation 301 \n\u003cbr\u003e(\"Armen A. Alchian and Reuben A. Kessel\") \n\u003cbr\u003eMore Evidence on Inflation-Caused Wealth Redistribution 314 \n\u003cbr\u003e(\"Armen A. Alchian and Reuben A. Kessel\") \n\u003cbr\u003eInflation and Distribution of Income and Wealth 381 \n\u003cbr\u003eEffects of Inflation upon Stock Prices 397 \n\u003cbr\u003e(\"Armen A. Alchian and Reuben A. Kessel\") \n\u003cbr\u003eHow the Government Gains from Inflation 405 \n\u003cbr\u003e(\"Armen A. Alchian and Reuben Kessel\") \n\u003cbr\u003eThe Meaning and Validity of the Inflation-Induced Lag 414 \n\u003cbr\u003eof Wages Behind Prices (\"Reuben A. Kessel and Armen A. Alchian\") \n\u003cbr\u003eReal Wages in the North During the Civil War: 442 \n\u003cbr\u003eMitchell's Data Reinterpreted \n\u003cbr\u003e(\"Reuben A. Kessel and Armen A. Alchian\") \n\u003cbr\u003ePART 5 PRICE CONTROLS \n\u003cbr\u003eReview of the Council of Economic Advisers' 1972 Report: 467 \n\u003cbr\u003eA Comment \n\u003cbr\u003eAn Introduction to Confusion 477 \n\u003cbr\u003eAbbott and Costello in Washington 495 \n\u003cbr\u003eThere's Gas in Your Future 504 \n\u003cbr\u003eOil Decontrol Windfall: Magical or Real? 509 \n\u003cbr\u003eEnergy Economics 513 \n\u003cbr\u003eIt's Easy to End Gas Shortage 517 \n\u003cbr\u003eTo Be Fair, Let Each Solve His Own Fuel Crisis 521 \n\u003cbr\u003ePART 6 SEMANTICS AND METHODS \n\u003cbr\u003eThe Economics of Power 527 \n\u003cbr\u003eSummary Notes on Misleading Economic Jargon 537 \n\u003cbr\u003eWords: Musical or Meaningful? 549 \n\u003cbr\u003eRent 586 \n\u003cbr\u003eAllocative Efficiency with Edgeworth-Bowley Boxes 594 \n\u003cbr\u003eThe Rate of Interest, Fisher's Rate of Return over Costs 612 \n\u003cbr\u003eand Keynes' Internal Rate of Return \n\u003cbr\u003eLinear Progress Curves Are Illusions 619 \n\u003cbr\u003eLinear Progress Curves Are Not Illusions 623 \n\u003cbr\u003eWhy the Learning Curve Is Convex on Double Log Scale 626 \n\u003cbr\u003eReview of Dynamic Equipment Policy 630 \n\u003cbr\u003eMeanings and Uses of Equations and Models 635 \n\u003cbr\u003eReview of \"Essays in Economics and Econometrics: \" 645 \n\u003cbr\u003e\"A Volume in Honor of Harold Hotelling\" \n\u003cbr\u003eEconomic Replacement Policy 649 \n\u003cbr\u003e1. Introduction 657 \n\u003cbr\u003e2. Elements of the Replacement Problem 664 \n\u003cbr\u003e3. Mathematical Formulation 672 \n\u003cbr\u003e4. Specific Assumptions, Forecasts, and Computations 680 \n\u003cbr\u003e5. Illustration of Procedure 691 \n\u003cbr\u003e6. Some Issues Common to All Applications 707 \n\u003cbr\u003eAppendixes (abridged) 715 \n\u003cbr\u003eAnalysis Procedures 725 \n\u003cbr\u003e20. Principles of Statistical Analysis 727 \n\u003cbr\u003e21. Univariate Analysis 736 \n\u003cbr\u003e22. Bivariate Analysis 756 \n\u003cbr\u003e23. Multivariate Analysis 785 \n\u003cbr\u003eAuthors Cited 803 \n\u003cbr\u003eSubject Index 807 \n\u003c\/p\u003e\n\u003cp\u003eVolume 2 \u003cbr\u003eIntroduction ix\u003cbr\u003eOf Golf, Capitalism and Socialism xiii \u003cbr\u003ePART 1 THE ECONOMIC THEORY OF PROPERTY RIGHTS\u003cbr\u003eSome Economics of Property 3\u003cbr\u003eSome Economics of Property Rights 52\u003cbr\u003ePricing and Society 68\u003cbr\u003eThe Property Rights Paradigm (\"Armen A. Alchian and Harold Demsetz\") 84\u003cbr\u003eProperty Rights [1987] 96\u003cbr\u003eProperty Rights [1993] 105\u003cbr\u003eThe Bishops and the Lay Commission: Comments on Two Letters\u003cbr\u003e(\"Armen A. Alchian and William H. Meckling\") 111\u003cbr\u003eSome Implications of Recognition of Property Right\u003cbr\u003eTransactions Costs 126\u003cbr\u003eThe BeneQciaries of Cleaner Air 145 \u003cbr\u003ePART 2 THE THEORY OF THE FIRM\u003cbr\u003eProduction, Information Costs, and Economic Organization\u003cbr\u003e(\"Armen A. Alchian and Harold Demsetz\") 151\u003cbr\u003eVertical Integration, Appropriable Rents, and the\u003cbr\u003eCompetitive Contracting Process\u003cbr\u003e(\"Benjamin Klein, Robert G. Crawford, and Armen A. Alchian\") 179\u003cbr\u003eFirst Negotiation, First Refusal Rights\u003cbr\u003e(\"Armen A. Alchian, Benjamin Klein, and Earl A. Thompson\") 214\u003cbr\u003eDecision Sharing and Expropriable Specific Quasi-Rents: \u003cbr\u003eA Theory of \"First National Maintenance Corporation v. NLRB\" 223\u003cbr\u003eAmicus Curiae: \"Monsanto Company vs. Spray-Rite Corporation\"\u003cbr\u003e(\"Wesley J. Liebeler, Armen A. Alchian, Jeffrey Connor, \u003cbr\u003eHarold Demsetz, Michael Granfield, Robert L. Jordan, \u003cbr\u003eand Stanley Ornstein\") 238\u003cbr\u003eReminiscences of Errors: A Tribute in Honor of\u003cbr\u003eDean William H. Meckling on His Retirement 258\u003cbr\u003eSpecificity, Specialization, and Coalitions 269\u003cbr\u003eReflections on the Theory of the Firm\u003cbr\u003e(\"Armen A. Alchian and Susan Woodward\") 287\u003cbr\u003eConcluding Remarks 317\u003cbr\u003eThe Firm Is Dead; Long Live the Firm: A Review of\u003cbr\u003eOliver Williamson's \"The Economic Institutions of Capitalism\"\u003cbr\u003e(\"Armen A. Alchian and Susan Woodward\") 321\u003cbr\u003eDevelopment of Economic Theory and Antitrust: \u003cbr\u003eA View from the Theory of the Firm 346\u003cbr\u003eThoughts on the Theory of the Firm: A Tribute to Eirik G. Furubotn 350\u003cbr\u003eVertical Integration and Regulation in the Telephone Industry 355\u003cbr\u003e\"Baldarelli vs. H\u0026amp;R Block\" 362 \u003cbr\u003ePART 3 THE BEHAVIOR OF GOVERNMENT AND\u003cbr\u003eNONPROFIT ORGANIZATIONS\u003cbr\u003ePrivate Property and the Relative Cost of Tenure 375\u003cbr\u003eEconomics of Tenure 393\u003cbr\u003eCompetition, Monopoly and the Pursuit of Money\u003cbr\u003e(\"Armen A. Alchian and Reuben A. Kessel\") 402\u003cbr\u003eReview of The Economics of Discrimination 421\u003cbr\u003eThe Meaning of Collusion 424\u003cbr\u003eElectrical Equipment Collusion: Why and How 429\u003cbr\u003eDollars or Scholars: The Economics of College Football\u003cbr\u003e(\"Armen Alchian and William Meckling\") 437\u003cbr\u003eThe Basis of Some Recent Advances in the Theory of\u003cbr\u003eManagement of the Firm 441\u003cbr\u003eIncentives in the United States\u003cbr\u003e(\"William H. Meckling and Armen A. Alchian\") 453\u003cbr\u003eMarket Prices, Property and Behavior 460\u003cbr\u003eCustoms, Behavior, and Property Rights 481\u003cbr\u003eAn Economist Looks at Secondary Education in California 487\u003cbr\u003eCost Effectiveness of Cost Effectiveness 492\u003cbr\u003eAn Economic Analysis of the Market for Scientists and Engineers\u003cbr\u003e(\"A. A. Alchian, K. J. Arrow, and W. M. Capron\") 507 \u003cbr\u003ePART 4 LAW AND ECONOMICS\u003cbr\u003eOn Private Property and Freedom 595\u003cbr\u003eEconomic Laws and Political Legislation 599\u003cbr\u003eReview of \"Public Law Perspectives on a Private Law Problem: \u003cbr\u003eAuto Compensation Plans \"611\u003cbr\u003eCorporate Management and Property Rights 615\u003cbr\u003ePrivate Rights to Property: The Basis of Corporate Governance\u003cbr\u003eand Human Rights 636\u003cbr\u003eOn Corporations: A Visit with Smith 650\u003cbr\u003eConstitutional Baselines by Virtual Contract: A General Theory\u003cbr\u003eand Its Application to Regulatory Takings\u003cbr\u003e(\"Wesley J. Liebeler and Armen Alchian\") 661 \u003cbr\u003ePART 5 THE ECONOMICS OF GIFTS\u003cbr\u003eThe Economics of Rational Assistance\u003cbr\u003e(\"Armen A. Alchian and William R. Allen\") 695\u003cbr\u003eThe Economic and Social Impact of Free Tuition 700\u003cbr\u003eWhat Price Zero Tuition? (\"Armen A. Alchian and William R. Allen\") 716\u003cbr\u003eThe Pure Economics of Giving (\"Armen A. Alchian and William R. Allen\") 722 \u003cbr\u003eAuthors Cited 731\u003cbr\u003eSubject Index 735\u003cbr\u003e\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\n\u003cstrong\u003eMarc Notes\u003c\/strong\u003e:\u003cbr\u003e\n\t\t\t\t\t\t\t\tIncludes bibliographical references and indexes.; v. 1. Choice and cost under uncertainty--v. 2. Property rights and economic behavior.; Avail. in cloth.\u003cbr\u003e\u003cbr\u003e\n\u003cstrong\u003eReview Quotes\u003c\/strong\u003e:\u003cbr\u003e\n\t\t\t\t\t\t\t\tArmen A. Alchian is Professor Emeritus of Economics at UCLA and in the course of his long and accomplished career helped to found several schools of economic thought, being justifiably considered by his peers to be one of the most influential voices in the areas of market structure, property rights, and the theory of the firm. Complete in two volumes, \n\u003cb\u003e\u003ci\u003eThe Collected Works of Armen A. Alchian\u003c\/i\u003e\u003c\/b\u003e is professionally edited and provided with an informative introduction by Daniel K. Benjamin who drew upon Professor Alchian's most important essays, articles, editorials, and lectures to provide a comprehensive and detailed record of this thought on a broad range of topics in the field of economics. Volume One focuses upon the economic themes of \"Choice and Cost Under Certainty\"; Volume Two deals with \"Property Rights and Economic Behavior\" issues. \n\u003cb\u003e\u003ci\u003eThe Collected Works of Armen A. Alchian: Volumes 1 \u0026amp; 2\u003c\/i\u003e\u003c\/b\u003e is also available in a hardcover edition (0865976368, $30.00), and very strongly recommended for professional and academic library Economics Studies reference collections and supplemental reading lists. \n\u003cp\u003e\u003c\/p\u003e\n\u003cb\u003e\u003ci\u003eThe Midwest Book Review\u003c\/i\u003e\u003c\/b\u003e\n\u003cbr\u003e\n\u003cb\u003eJanuary 2007\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003cbr\u003e\n\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\n","brand":"Liberty Fund","offers":[{"title":"Default Title","offer_id":51502549041430,"sku":"9780865976375","price":21.6,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0857\/9910\/8886\/files\/9780865976375.jpg?v=1783310057","url":"https:\/\/lusper.myshopify.com\/products\/the-collected-works-of-armen-a-alchian","provider":"Lusperbooks","version":"1.0","type":"link"}