Perfect Competition and the Transformation of Economics

Business & Finance, Economics
Cover of the book Perfect Competition and the Transformation of Economics by Frank Machovec, Taylor and Francis
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Author: Frank Machovec ISBN: 9781134820221
Publisher: Taylor and Francis Publication: May 4, 1995
Imprint: Routledge Language: English
Author: Frank Machovec
ISBN: 9781134820221
Publisher: Taylor and Francis
Publication: May 4, 1995
Imprint: Routledge
Language: English

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.

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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.

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