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  1. Perfect Competition and the Transformation of Economics

    By Frank Machovec

    Series: Routledge Foundations of the Market Economy

    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....

    Published May 3rd 1995 by Routledge

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