Susan Woodward, a former colleague and co-author of the late great Armen Alchian, was kind enough to share with me an article of hers forthcoming in a special issue of the Journal of Corporate Finance dedicated to Alchian’s memory. I thank Susan and Harold Mulherin, co-editor of theJournal of Corporate Finance for allowing me to post this wonderful tribute to Alchian.
Memories of Armen
Susan Woodward
Sand Hill Econometrics
Armen Alchian approached economics with constructive eccentricity. An aspect became apparent long ago when I taught intermediate price theory, a two-quarter course. Jack Hirshleifer’s new text (Hirshleifer (1976)) was just out and his approach was the foundation of my own training, so that was an obvious choice. But also, Alchian and Allen’s University Economics (Alchian and Allen (1964)) had been usefully separated into parts, of which Exchange and Production: Competition, Coordination, and Control (Alchian and Allen (1977)), the “price theory”…
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Utopia, you are standing in it! 
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