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The book critiques the assumption of perfect information in economics, highlighting its detrimental effects on economic systems. It argues that this misconception has resulted in unnecessary state intervention and has obscured the crucial role of asymmetric information in fostering entrepreneurial activity. By challenging traditional economic theories, the author emphasizes the need to reconsider how information dynamics influence market behaviors and economic outcomes.
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Perfect Competition and the Transformation of Economics, Frank Machovec
- Lingua
- Pubblicato
- 2014
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