Armen Alchian, an American economist born in Fresno, California, is in many ways like ronald coase. Like Coase, Alchian has published only a few articles, but very few are unimportant. And like Coase’s, many of Alchian’s articles are widely cited. Many students and others who read economics are disturbed by economists’ assumptions that companies maximize […]| Econlib
Short answer: comparative advantage is a plausible candidate. This story is an old one, but perhaps it has become old enough that some readers will not be familiar with it. It's told in a 1969 address by Paul Samuelson (Samuelson, Paul A. 1969. “Presidential Address: The Way of the Economist.” In P. A. Samuelson (ed.),| Conversable Economist - In Hume’s spirit, I will attempt to serve as an amb...
More than any other economist, Paul Samuelson raised the level of mathematical analysis in the profession. Until the late 1930s, when Samuelson started his stunning and steady stream of articles, economics was typically understood in terms of verbal explanations and diagrammatic models. Samuelson wrote his first published article, “A Note on the Measurement of […]| Econlib
Universal Economics shows the critical importance of property rights to the existence and success of market economies.| oll.libertyfund.org