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A Conversation with Armen A. Alchian

Intellectual Portrait Series
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Recognized as one of the most influential voices in the areas of market structure, the theory of the firm, law and economics, resource unemployment, and monetary theory and policy, in this 2001 interview, Armen Alchian (1914-2013) outlines the "UCLA tradition" of economics which he founded and explores the many unanticipated consequences of self-seeking individual behavior.

Additional materials, including a video index and sharing tool, discussion questions, and links for further reading plus audio-only file formats, are available at Newmedia at

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Amy Willis writes:

Alchian says to Benjamin during the conversation,

"If you can't say it, you don’t know it."

What does he mean by this? Show us what YOU know...And share your response in the comments below:

(Remember- you can access quotes, a video sharing tool, discussion questions and more via New Media!)

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