alchemists never tried to make boots and chairs from elements, their main goal was to make silver, gold or platinum.. never a boot... with their research came the knowledge of potion making, they mixed different substances in their studies and began making many potions....
they never tried to take 2 iron, 3 gold and 2 coal to make a chair? besides in an alchemists mind that would be worthless , alchemy is not really a magic, but the use of metals, elements and different substances to make items into a valueable metal...
sticking to true alchemy and leaving it at turning metals into more valueable metals and the making of potions... would be best, but the first is just another way of powerleveling and making loads of money, leaving the second which adds role-playing and not a big way of making money...
i just see that several peoples views on alchemy are wrong, the creation of items(chairs, etc.) from elements is not a part of what true alchemy is...
so stop watching full metal alchemist and learn what alchemy really is...
a few good games revolving around alchemy and the philosipher\'s stone are the Zork series, i would recommend Zork: Nemisis, but you\'d never find it anywhere, it being such an old game...
also, alchemists also tried to use the four elements, earth, fire, water and wind, in their searches as well...