Perfect Competition and the Transformation of Economics
By Frank Machovec
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- ISBN: 978-0-415-11580-3
- Binding: Hardback
- Published by: Routledge
- Publication Date: 4th May 1995
- Pages: 408
About the Book
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.
