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Information and Investment : A Study in the Working of the Competitive Economy - G. B. Richardson

Information and Investment

A Study in the Working of the Competitive Economy


Published: 21st February 1991
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This book was first published in 1960. It addressed issues of fundamental importance in economic analysis. The questions it raised are if anything, more central to the concerns of economists than they were on first publication. It is reissued with the addition of two of Richardson's subsequent papers which are of particular relevance: a new introduction by Richardson, and a preface.

Foreword; Introduction; Part I. The Theory of Perfect Competition: The tendency to equilibrium; The availability of market information; Part II. Information and adjustment: The co-ordination of competitive investments; The co-ordination of complementary investments; The scale of investments; The assortment of production; Competition, selection and market discipline; Part III. The Influence of Uncertainty: The need for adaptability; Attitudes towards risk; Risk and welfare: I. Private and social profitability; Risk and welfare: II. Consolidation and public ownership; Annexe I: The organization of industry; Annexe II: Planning versus competition; Index

ISBN: 9780198287285
ISBN-10: 0198287283
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 292
Published: 21st February 1991
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 22.4 x 14.6  x 2.2
Weight (kg): 0.5
Edition Number: 2
Edition Type: Revised