Perfect Competition and the Transformation of Economics (Routledge Foundations of the Market Economy)

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9780415115803: Perfect Competition and the Transformation of Economics (Routledge Foundations of the Market Economy)

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 M. Machovec is Associate Professor of Economics at Wofford College, South Carolina.

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"The time is ripe for a book such as this.... the author refreshingly uses the theoretical arguments in support of his hypothesis.."
-"Choice
""Perfect Competition ... is a valuable and worthwhile contribution to understanding the history of economic thought and will be enjoyed for its informed insight and trenchant analysis."
-"Review of Austrian Economics

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