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.
| ISBN: | 9781138865815 |
| Publication date: | 2nd December 2014 |
| Author: | Frank Machovec |
| Publisher: | Routledge an imprint of Taylor & Francis Ltd |
| Format: | Paperback |
| Pagination: | 408 pages |
| Series: | Routledge Foundations of the Market Economy |
| Genres: |
Economic theory and philosophy |