Description:
"No one has ever done price theory better than Alchian--that is, no one has ever excelled Alchian's ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few--I can count them on my fingers--have a claim for being considered to have done price theory as well as he did it." --Donald Boudreaux, George Mason University
Universal Economics is a new work that builds on the foundation of its two predecessors, University Economics and Exchange and Production.