Levallois, C. - Erasmus Research Institute of Management (ERIM), ERIM … - 2008
Today, Alchian's "Uncertainty, evolution and economic theory" (1950) is hailed by evolutionary economists as a most … other hand, Alchian's article is also cherished by standard economists who consider it to be a powerful defense of the … maximization principle in the theory of the firm. Our examination of the early intellectual life of Alchian shows that it was his …