Perfect Competition and the Transformation of Economics

Perfect Competition and the Transformation of Economics

Autor: Frank Machovec
Editorial: Taylor & Francis
Edición: 1
Fecha de publicación: 1995
ISBN: 9781138865815

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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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