"Where foresight is uncertain, “profit maximization” is meaningless as a guide to specifiable action."
— Armen Alchian

January 1, 1970

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Added on April 10, 2026
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University of California, Los Angeles facultyAcademics from the United StatesPeople from CaliforniaEconomists from the United StatesStanford University alumni
Original Language: English

Sources

p. 221

https://en.wikiquote.org/wiki/Armen_Alchian

p. 221