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The Economics of Imperfect Knowledge : Collected Papers of G. B. Richardson : Economists of the Twentieth Century - G. B. Richardson

The Economics of Imperfect Knowledge : Collected Papers of G. B. Richardson

By: G. B. Richardson

Hardcover | 1 January 1998

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G.B. Richardson's writings, although from 1953 to 1972, are still very relevant to modern economics. The central theme of this book of his papers is that the knowledge upon which business decisions are taken is limited and uncertain and that the availability of it is affected by market structure.
Industry Reviews
`Though most of G.B. Richardson's writings are from the period 1953-1972, their relevance to modern economics is of enormous significance. They deserve to be read by a wide audience, ranging from those who teach the basics of supply and demand, through to industrial economists, those who work on competition policy, and anyone involved in the economics of transition (a process which would have been far less painful if more informed by Richardson's ideas). Taken together, Richardson's writings form a remarkably coherent and constructive critique of the conventional wisdom on how market processes work. The whole picture is best grasped by following his own gradual process of enlightenment and this collection is a wonderfully convenient tool for doing this, not least of all because of the delightful introduction in which Richardson reflects on how his thinking has evolved.' -- Peter E. Earl, Lincoln University, New Zealand

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Non-FictionPhilosophyEpistemology & The Theory of KnowledgeEconomicsMicroeconomicsEconomic Theory & Philosophy

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