Harold Demsetz Later in Life
Armen Alchian and Harold Demsetz established the Los Angeles School that has been influential ever since. Theirs is a school which shares some similarities with Chicago’s emphasis on the free market, Harvard’s tradition of institutional studies, and the strategic thrust of both the RAND Corporation and of the Hoover Institution, to which both contributed intellectually.
KeywordsFree Market Great Mind Economics Student Hoover Institution Intellectual Courage
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- 2.Harold Demsetz, Ownership, Control, and the Firm: the Organization of Economic Activity, vol. 1, Cambridge, MA: Basil Blackwell, 1988, p. 6.Google Scholar