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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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    eBook icon EPUB eBook Perfect Competition and the Transformation of Economics

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    • Title: Perfect Competition and the Transformation of Economics by Frank Machovec
    • Publisher: Taylor & Francis
    • Print ISBN: 9781138865815, 1138865818
    • eText ISBN: 9781134820221
    • Edition: 2014 1st edition
    • Format: EPUB eBook
    $35.20
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