Universal Economics

“No one has ever done price theory better than Alchian—that is, no one has ever excelled Alchian’s ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few—I can count them on my fingers—have a claim for being considered to have done price theory as well as he did it.” —Donald Boudreaux, George Mason University

Universal Economics is a new work that builds on the foundation of its two predecessors, University Economics (1964,...