University Economics [Hardcover]

Alchian Armen Albert (Author), William R. Allen (Author)

Book Description

Publication Date: January 1, 1972

Hardcover: 856 pages Publisher: Wadsworth Publishing Company; 3rd edition (January 1, 1972) Language: English ISBN-10: 0534000304 ISBN-13: 978-0534000301 Product Dimensions: 10.1 x 7.2 x 1.5 inches Shipping Weight: 3.8 pounds

Product Details

• Hardcover: 856 pages
• Publisher: Wadsworth Publishing Company; 3rd edition (January 1, 1972)
• Language: English
• ISBN-10: 0534000304
• ISBN-13: 978-0534000301
• Product Dimensions: 10.1 x 7.2 x 1.5 inches
• Shipping Weight: 3.8 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #333,844 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

5.0 out of 5 stars I am not a bit surprised., April 26, 2010

By 

Harry Markowitz - See all my reviews
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This review is from: University Economics (Hardcover)

I am about to order this book. I have just read its quite favorable reviews, and I am not a bit surprised at their being impressed by Armen Alchian's writings. I was a colleague of Armen's, at the Rand Corporation "think tank," during the 1950s, and hold no economist in higher regard. When I sat down at my keyboard just now it was to find out what happened to Armen's works. One Google response was someone saying that Armen should get a Nobel Prize. I concur. My own Nobel Prize in Economics was awarded in 1990 along with the prize for Wm. Sharpe. I see in Wikipedia that Armen "influenced" Bill, and that Armen is still alive and is 96 years old. I'll see if I can contact him, but first I'll buy this book.

5 of 6 people found the following review helpful:

5.0 out of 5 stars start at the beginning, July 6, 2004

By 

Michael Thomas "mthomas1776" (Logan, UT) - See all my reviews
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This review is from: University Economics (Hardcover)

I am a graduate student in economics and have recently read this book. It is a clear review of the basics of economics, had I taken the time to understand something at this level, I would have had the background needed for any advanced course in Micro theory. The examples are timeless, and the book reveals the unique and lucid mind of its authors. I would recomend it to any fan of economics or of Alchian.

5.0 out of 5 stars A classic - too bad it's out of print!, April 24, 2010

By 

C. Perelli-Minetti (Old Greenwich, CT USA) - See all my reviews
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Amazon Verified Purchase

This review is from: University Economics (Hardcover)

I'm inspired by the previous review to add my strong agreement. I think this is one of the best introductory economics texts of the past 50 years - far better than Samuelson or the other favorites. Free market oriented, it's accessible and intelligible to any serious student. Examples make sense.

The introduction highlights one of the most important insights (from Alain Enthoven) students of economics should consider "the economic theory we are using [in practical work] is the theory most of us learned as sophomores. The reason PhD's are required is that many economists do not believe whta they have learned until they have gone through graduate school and acquired a vested interest in the analysis."

I highly recommend University Economics to anyone who wants to acquire a basic understanding of economics without political cant.