Economy, asked by nningale974, 1 year ago

Who developed the theory of uncertain of economics?

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Answered by ashutoshsingh55

Uncertainty, Evolution, and Economic Theory” is an article written in 1950 by economist Armen Alchian (1914-2013). In this article Alchian delineates an evolutionary approach to describe firms' behavior. His theory embodies principles of biological evolution and natural selection.

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