Perfect Competition and the Transformation of Economics
Book Details
Format
Paperback / Softback
Book Series
Routledge Foundations of the Market Economy
ISBN-10
1138865818
ISBN-13
9781138865815
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 2nd, 2014
Print length
408 Pages
Weight
508 grams
Dimensions
21.70 x 13.80 x 2.90 cms
Product Classification:
Economic theory & philosophy
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Frank Machovec argues that the assumption of perfect information has done untold economic damage. It has has led to state intervention and obscured the extent to which entrepreneurial activity depends on asymetric information.
Frank Machovec argues that the assumption of perfect information has done untold economic damage. It has provided the rationale for active state intervention and has obscured the extent to which entrepreneurial activity depends upon the exploitation of asymmetric information.
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