Armen Alchian
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Armen Alchian
Armen Albert Alchian (; April 12, 1914February 19, 2013) was an American economist. He spent almost his entire career at the University of California, Los Angeles (UCLA). A major microeconomic theorist, he is known as one of the founders of new institutional economics and widely acknowledged for his work on property rights. Early life and education Armen Albert Alchian was born on April 12, 1914 in Fresno, California to Armenian-American parents. His father, Alexander H. Alchian (1884–1979), was born in Erzurum, Ottoman Empire and emigrated to the U.S. in 1901, while his mother Lily Normart (1889–1976) was born to Armenian immigrant parents in Fresno. Her parents were among the first Armenians to settle in the San Joaquin Valley and she was the first Armenian born in Fresno. His parents married in 1909, and Armen had a younger brother, Robert Haig Alchian (1917–1995). His father worked as a musician and a jeweler and the family was of "modest means." He grew up in the Armenia ...
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Fresno, California
Fresno () is a major city in the San Joaquin Valley of California, United States. It is the county seat of Fresno County and the largest city in the greater Central Valley region. It covers about and had a population of 542,107 in 2020, making it the fifth-most populous city in California, the most populous inland city in California, and the 34th-most populous city in the nation. The Metro population of Fresno is 1,008,654 as of 2022. Named for the abundant ash trees lining the San Joaquin River, Fresno was founded in 1872 as a railway station of the Central Pacific Railroad before it was incorporated in 1885. It has since become an economic hub of Fresno County and the San Joaquin Valley, with much of the surrounding areas in the Metropolitan Fresno region predominantly tied to large-scale agricultural production. Fresno is near the geographic center of California, approximately north of Los Angeles, south of the state capital, Sacramento, and southeast of San Franc ...
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Jerry Jordan
Jerry L. Jordan is a former member of President Ronald Reagan's Council of Economic Advisers and former president and chief executive officer of the Federal Reserve Bank of Cleveland. Career Jordan attended California State University, Northridge, where he earned a B.A. in economics (1963). He continued his education at the University of California at Los Angeles, where he earned his Ph.D. in economics (1969, supervisor: Armen Alchian). He was employed at the Federal Reserve Bank of St. Louis from 1967 up until 1975, ending with the position as senior vice president and director of research. From 1971 to 1972 he was on assignment as an economic consultant with Deutsche Bundesbank in Frankfurt, Germany. Following his 8-year employment at the Federal Reserve Bank of St. Louis, Jordan was employed as the senior vice president and economist at Pittsburgh National Bank from 1975 to 1980. From July 1980 to March 1981 and August 1982 to January 1985, Jordan held the position as dean an ...
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Florida Department Of Health
The Florida Department of Health is responsible for protecting the public health and safety of the residents and visitors of the state of Florida. It is a cabinet-level agency of the state government, headed by a state surgeon general who reports to the governor. The department has its headquarters in Tallahassee. History During the 1996 legislative session, the beleaguered ''Florida Department of Health and Rehabilitative Services'' was reconstructed as two entities: the Department of Health and the Florida Department of Children and Families. The Florida Department of Health operates county health departments in all 67 of the state's counties. The agency employs more than 17,000 persons. It has worked on two-year-old immunizations, tobacco control, and statewide preparedness response efforts. The Florida Department of Health is responsible for public health, including: *Epidemiology *Investigating foodborne illness and zoonotic and waterborne diseases *Emergency preparedness ...
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San Joaquin Valley
The San Joaquin Valley ( ; es, Valle de San Joaquín) is the area of the Central Valley of the U.S. state of California that lies south of the Sacramento–San Joaquin River Delta and is drained by the San Joaquin River. It comprises seven counties of Northern and one of Southern California, including, in the north, all of San Joaquin and Kings counties, most of Stanislaus, Merced, and Fresno counties, and parts of Madera and Tulare counties, along with a majority of Kern County, in Southern California. Although the valley is predominantly rural, it has densely populated urban centers: Fresno, Bakersfield, Stockton, Modesto, Tulare, Visalia, Hanford, and Merced. The first European to enter the valley was Pedro Fages in 1772. The San Joaquin Valley was originally inhabited by the Yokuts and Miwok peoples. The Tejon Indian Tribe of California is a federally recognized tribe of Kitanemuk, Yokuts, and Chumash indigenous people of California. Their ancestral homeland ...
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Erzurum
Erzurum (; ) is a city in eastern Anatolia, Turkey. It is the largest city and capital of Erzurum Province and is 1,900 meters (6,233 feet) above sea level. Erzurum had a population of 367,250 in 2010. The city uses the double-headed eagle as its coat-of-arms, a motif that has been a common symbol throughout Anatolia since the Bronze Age. Erzurum has winter sports facilities and hosted the 2011 Winter Universiade. Name and etymology The city was originally known in Armenian as Karno K'aghak' ( hy, Կարնոյ քաղաք), meaning city of Karin, to distinguish it from the district of Karin ( Կարին). It is presumed its name was derived from a local tribe called the Karenitis. Darbinian, M. "Erzurum," Armenian Soviet Encyclopedia. Yerevan: Armenian Academy of Sciences, 1978, vol. 4, p. 93. An alternate theory contends that a local princely family, the Kamsarakans, the Armenian off-shoot of the Iranian Kārin Pahlav family, lent its name to the locale that eventually bec ...
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FamilySearch
FamilySearch is a nonprofit organization and website offering genealogical records, education, and software. It is operated by the Church of Jesus Christ of Latter-day Saints (LDS Church), and is closely connected with the church's Family History Department. The Family History Department was originally established in 1894 as the Genealogical Society of Utah (GSU) and is the largest genealogy organization in the world. FamilySearch maintains a collection of records, resources, and services designed to help people learn more about their family history. Facilitating the performance of LDS ordinances for deceased relatives is another major aim of the organization. Although it requires user account registration, it offers free access to its resources and service online at FamilySearch.org. In addition, FamilySearch offers personal assistance at more than 5,100 family history centers in 140 countries, including the Family History Library in Salt Lake City, Utah. The Family Tree secti ...
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Armenian-American
Armenian Americans ( hy, ամերիկահայեր, ''amerikahayer'') are citizens or residents of the United States who have total or partial Armenian ancestry. They form the second largest community of the Armenian diaspora after Armenians in Russia. The first major wave of Armenian immigration to the United States took place in the late 19th and early 20th centuries. Thousands of Armenians settled in the United States following the Hamidian massacres of the mid-1890s, the Adana Massacre of 1909, and the Armenian genocide of 1915–1918 in the Ottoman Empire. Since the 1950s many Armenians from the Middle East (especially from Lebanon, Syria, Iran, Iraq, Egypt and Turkey) migrated to the U.S. as a result of political instability in the region. It accelerated in the late 1980s and has continued after the dissolution of the Soviet Union in 1991 due to socio-economic and political reasons. The 2017 American Community Survey estimated that 485,970 Americans held full or parti ...
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New Institutional Economics
New Institutional Economics (NIE) is an economic perspective that attempts to extend economics by focusing on the institutions (that is to say the sociology, social and legal Norm (sociology), norms and rules) that underlie economic activity and with analysis beyond earlier institutional economics and neoclassical economics. Unlike neoclassical economics, it also considers the role of culture and classical political economy in economic development. The NIE assume that individuals are rational and that they seek to maximize their preferences, but that they also have cognitive limitations, lack complete information and have difficulties monitoring and enforcing agreements. As a result, institutions form in large part as an effective way to deal with Transaction cost, transaction costs. NIE rejects that the state is a neutral actor (rather, it can hinder or facilitate effective institutions), that there are zero transaction costs, and that actors have fixed preferences. Overview It ...
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Microeconomic
Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the study of individual markets, sectors, or industries as opposed to the national economy as whole, which is studied in macroeconomics. One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results. While microeconomics focuses on firms and individuals, macroeconomics focuses on the sum total of economic activity, dealing with the issues of growth, inflation, and unemployment and with national policies relating to these issues. Microeconomics also deal ...
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American Economic Association
The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was established in 1885 in Saratoga Springs, New York by younger progressive economists trained in the German historical school, including Richard T. Ely, Edwin Robert Anderson Seligman and Katharine Coman, the only woman co-founder; since 1900 it has been under the control of academics. The purposes of the Association are: 1) The encouragement of economic research, especially the historical and statistical study of the actual conditions of industrial life; 2) The issue of publications on economic subjects; 3) The encouragement of perfect freedom of economic discussion. The Association as such will take no partisan attitude, nor will it commit its members to any position on practical economic questions. The Association publishes one of the most pr ...
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Friedrich Hayek
Friedrich August von Hayek ( , ; 8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian–British economist, legal theorist and philosopher who is best known for his defense of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for their work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how changing prices communicate information that helps individuals coordinate their plans is widely regarded as an important achievement in economics, leading to his prize. Hayek served in World War I during his teenage years and said that this experience in the war and his desire to help avoid the mistakes that had led to the war drew him into economics. At the University of Vienna, he studied economics, eventually receiving his doctoral degrees in law in 1921 and in political science in 1923. He subsequently lived and work ...
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Ludwig Von Mises
Ludwig Heinrich Edler von Mises (; 29 September 1881 – 10 October 1973) was an Austrian School economist, historian, logician, and Sociology, sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology studies Bureaucracy (book), comparing communism and capitalism. He is considered one of the most influential economic and political thinkers of the 20th century. Mises emigrated from Austria to the United States in 1940. Since the mid-20th century, libertarian movements have been strongly influenced by Mises's writings. Mises' student Friedrich Hayek viewed Mises as one of the major figures in the revival of classical liberalism in the post-war era. Hayek's work "The Transmission of the Ideals of Freedom" (1951) pays high tribute to the influence of Mises in the 20th century libertarian movement. Mises's Private Seminar was a leading group of economists. Many of its alumni, including Friedri ...
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