In 2014 AEA named the main annual award in honour of the 100th anniversary of one of the greatest Armenian economists of the XX century – Armen Alchian. Armen Alchian established UCLA tradition in Economics, wrote very few but extremely influential articles, wrote a university textbook that educated generations, saw many editions and are still currently in use by top universities, and was expected by many to win a Nobel Prize.
The Alchian Award comes in the form of a medal to be hung on the neck and has been designed by twin brother artists known under the unifying name Jevo (twins in the dialect of Gyumri). On the averse a characteristic portrait of Armen Alchian is presented.
Alchian laureates
- Armenak Antinyan (2019)
- Nikolaos Artavanis (2018)
- Tatevik Sekhposyan (2017)
- Arevik Gnutzmann-Mkrtchyan (2017)
- Gunes Gokmen (2016)
- Mariam Arzumanyan (2016)
- Suren Pakhchanyan (2016)
- Ivan Djuric (2016)
- Vardan Baghdasaryan (2015)
- Vardan Avagyan (2015)
- Artashes Karapetyan (2015)
- Aleksandr Grigoryan (2014)
- Nune Hovhannisyan (2014)
- Gurgen Aslanyan (2014)