Perfect Competition and the Transformation of Economics

1st Edition

Frank Machovec

Routledge
Published December 2, 2014
Reference - 408 Pages
ISBN 9781138865815 - CAT# Y178448
Series: Routledge Foundations of the Market Economy

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Summary

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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