Episode 396
Remembering the Contributions of Lucas and Alchian
The Human Action Podcast · Mises Institute
May 19, 2023
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Show Notes
Bob originally invited Brian Albrecht (Chief Economist of the International Center for Law & Economics) to discuss the work of Armen Alchian, but on the day of recording, Robert Lucas happened to die.
Bob and Brian discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets.
Brian on Alchian's famous "Costs and Outputs" paper: Mises.org/HAP396a
Topics
Business CyclesMacroeconomicsOther Schools of Thought