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.aa(1976) The Road to Serfdom, 12th printing, with Forward by Hayek, Chicago: University Chicago Press. (First published in 1944). ... Heyne, P. (1991) The Economic Way of Thinking, 6th edition, New York: Macmillan. High, J. (1990)anbsp;...
|Title||:||Perfect Competition and the Transformation of Economics|
|Publisher||:||Routledge - 2002-09-26|