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Perfect Competition and the Transformation of Economics

By Frank Machovec

Routledge – 1995 – 408 pages

Series: Routledge Foundations of the Market Economy

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  • Add to CartPaperback: $49.95
    978-1-13-886581-5
    December 2nd 2014
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    978-0-415-11580-3
    May 4th 1995

Description

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.

Name: Perfect Competition and the Transformation of Economics (Hardback)Routledge 
Description: By Frank Machovec. 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...
Categories: Economics, Economic Theory & Philosophy