Armen Alchian was born on April 12, 1914 in Fresno, California. In 1932 he attended Fresno State College, and transferred to Stanford in 1934. He obtained his B.A. from Stanford in 1936. He continued at Stanford as a graduate student More

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Congratulations to Professor Emeritus Lloyd S. Shapley of the UCLA Departments of Economics and Mathematics for being awarded the 2012 Nobel Prize in Economics. He shares the prize with Professor Alvin E. Roth of Harvard University.