Remembering the Contributions of Lucas and Alchian

May 18, 2023 · 59m 23s
Remembering the Contributions of Lucas and Alchian
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<p>Bob originally invited Brian Albrecht (Chief Economist of the <a href="https://laweconcenter.org/?doing_wp_cron=1684431672.3964641094207763671875">International Center for Law &amp; Economics</a>) to discuss the work of Armen Alchian, but on the day of recording, Robert...

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<p>Bob originally invited Brian Albrecht (Chief Economist of the <a href="https://laweconcenter.org/?doing_wp_cron=1684431672.3964641094207763671875">International Center for Law &amp; Economics</a>) to discuss the work of Armen Alchian, but on the day of recording, Robert Lucas happened to die.</p> <p>Bob and Brian discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets.</p> <p>Brian on Alchian's famous "Costs and Outputs" paper:&nbsp;<a href="https://mises.org/hap396a">Mises.org/HAP396a</a></p>
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Author Mises Institute
Organization Chad Parish
Website -
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