Armenia: Challenges of Sustainable Development, Organized in Honor of Professor Armen Alchian

Professor Alchian is widely known to his students and colleagues as the founder of the "UCLA tradition" in economics, a tradition that continues to this day. It emphasizes that individual behavior is self-seeking and "rational" and that this has many unanticipated consequences. The tradition recognizes that "rationality" is the outcome of evolution and learning and emphasizes the frictions such as uncertainty that act as brakes on the individual's ability to make decisions and coordinate with others.

Conference article in the UCLA Daily Bruin student newspaper    Photo Archive     Conference Materials