Perfect Competition and the Transformation of Economics  book cover
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Perfect Competition and the Transformation of Economics





ISBN 9781138865815
Published November 30, 2014 by Routledge
408 Pages

 
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Book 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.