Perfect Competition and the Transformation of Economics

By:

Frank MacHovec

Format:

Hardback

Series:

Routledge Foundations of the Market Economy

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Description

In this work, the author argues that the assumption of perfect information revolutionized economics, doing untold damage to the discipline. These concepts have provided the rationale for the sort of active state intervention long warned against by the classsical economists. It also obscured the extent to which the entrepreneurial activity, which brings long term benefits to society, depends upon the exploitation of asymmetric information.

Release date Australia

May 4th, 1995

Author

Frank MacHovec

Audience

Tertiary Education (US: College)

Pages

404

Series

Routledge Foundations of the Market Economy

Dimensions

140x216x26

ISBN-13

9780415115803

Product ID

2844435

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