1st Edition
Perfect Competition and the Transformation of Economics
By Frank Machovec
Copyright 1995
408 Pages
by
Routledge
404 Pages
by
Routledge
408 Pages
by
Routledge
Also available as eBook on:
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.
List of figures, Preface, 1 INTRODUCTION AND OVERVIEW, 2 STATEMENT OF THE PROBLEM, 3 THE MAGNETIC LURE OF MARKET SOCIALISM, 4 COMPETITION AND ENTREPRENEURSHIP IN CLASSICAL POLITICAL ECONOMY, 5 UNCERTAINTY AND ENTREPRENEURSHIP IN CLASSICAL POLITICAL ECONOMY, 6 THE PERFECTLY COMPETITIVE MODEL: EVOLUTION OR REVOLUTION?, 7 COMPETITION AND THE LAW, 8 EVOLUTION VERSUS REVOLUTION: THE CONVENTIONAL WISDOM, 9 ALFRED MARSHALL, INCREASING RETURNS, AND COMPETITION, 10 PERFECT COMPETITION: ASCENDANCE AND IMPACT ON HABITS OF THOUGHT, 11 STYLIZED ASSESSMENT OF GAIN VERSUS PAIN, 12 SUMMARY AND CONCLUSIONS, Notes, Bibliography, Name index, Subject index
Biography
Frank Machovec
