Perfect competition and the transformation of economics

書誌事項

Perfect competition and the transformation of economics

Frank M. Machovec

(Foundations of the market economy series / edited by Mario J. Rizzo and Lawrence H. White)

Routledge, 1995

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注記

Bibliography: p. 342-372

Includes indexes

内容説明・目次

内容説明

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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