1st Edition

Perfect Competition and the Transformation of Economics

ISBN 9781138865815
Published December 1, 2014 by Routledge
408 Pages

USD $56.95

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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.