University economicsArmen A. Alchian
University economics
2mentions
1recommended by
2HN commenters
2010–2026first – last mentioned
50% recommend50% neutral
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University Economics by Armen Alchian is quite a good introductory textbook to the basics of mainstream economics. It has a strong emphasis on understanding economic concepts intuitively which I like. If you're looking for…
on “Ask HN: Best book(s) to learn about the basics of economics?” ↗>The Alchian–Allen effect was described in 1964 by Armen Alchian and William R Allen in the book University Economics (now called Exchange and Production[1]). It states that when the prices of two substitute goods, such as high and low grades of the same product, are both increased by a fixed per-unit amount such as…
on “Apple boss Tim Cook says prices to rise due to memory chip costs” ↗