Bob originally invited Brian Albrecht (Chief Economist of the International Center for Law & Economics) to discuss the work of Armen Alchian, but on the day of recording, Robert Lucas happened to die.
Bob and Brian discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets.
Brian on Alchian's famous "Costs and Outputs" paper: Mises.org/HAP396a
Brian is the Chief Economist at the International Center for Law and Economics and an Assistant Professor of Economics at Kennesaw State University. His research is on the interplay of competition and information within economic theory. You can find more about his research on his website or follow him on Twitter.
