Perfect Competition and the Transformation of Economics

By: Frank Machovec

Write A Review

Hardcover | 4 May 1995 | Edition Number 1

At a Glance

Hardcover
404 Pages

Dimensions(cm)
21.6 x 13.8 x 2.69

Hardcover

$689.75

or 4 interest-free payments of $172.44 with

or

Ships in 15 to 25 business days

"Perfect Competition and the Transformation of Economics" is a provocative book which argues that the assumptions of perfect information and perfect competition revolutionized economics, doing untold damage to the discipline. These concepts have provided the rationale for the sort of active state intervention long warned against by the Classical economists. This phenomenon has also obscured the extent to which entrepreneurial activity, which brings long term benefits to society, depends upon the exploitation of asymmetric information.
Frank M. Machovec demonstrates that a Walrasian vision has had a detrimental impact on the definition of economics and on its policy prescriptions. He then examines how economists have come to accept this outlook, and how it transformed four key areas of study--industrial organization, comparative systems, the economics of development and international trade.

Industry Reviews

"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

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

Orders over $79.00 qualify for free shipping.

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.