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Armen Alchian is recognized as a founder of what economic theory?

  • Keynesian Economics

  • Supply-side Economics

  • New Institutional Economics

  • Monetarism

Answer

Armen Alchian is recognized as a founder of New Institutional Economics, which focuses on the role of institutions in shaping economic outcomes.
Mastering the Economics of Armen Alchian: A Quiz on the Life and Contributions of a Legendary Economist

Mastering the Economics of Armen Alchian: A Quiz on the Life and Contributions of a Legendary Economist

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