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Prices and Knowledge - A Market-Process Perspective (Hardcover, Annotated Ed)
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Prices and Knowledge - A Market-Process Perspective (Hardcover, Annotated Ed)
Series: Routledge Foundations of the Market Economy
Expected to ship within 12 - 19 working days
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The growth of information economics has lead to a substantial
re-consideration of the role of prices. Instead of the conventional
neo-classical view of prices as straightforward indicators of
scarcity, information economics emphasises that prices can be
sources from which agents infer information and means by which they
communicate. "Prices and Knowledge" analyzes different theoretical
approaches to the role of prices in situations of imperfect
information. It shows that whilst the "informational efficiency"
approach of Grossman and Stiglitz and the "bounded rationality
theory" of Nelson and Simon are useful, neither goes far enough in
considering situations of disequilibrium. This book should be of
interest to undergraduates and academics in the field of economics.
General
| Imprint: |
Routledge
|
| Country of origin: |
United Kingdom |
| Series: |
Routledge Foundations of the Market Economy |
| Release date: |
May 1992 |
| First published: |
1992 |
| Authors: |
Esteban F. Thomsen
|
| Dimensions: |
216 x 138 x 17mm (L x W x T) |
| Format: |
Hardcover
|
| Pages: |
158 |
| Edition: |
Annotated Ed |
| ISBN-13: |
978-0-415-06865-9 |
| Categories: |
Books >
Business & Economics >
Economics >
Microeconomics >
General
Promotions
|
| LSN: |
0-415-06865-7 |
| Barcode: |
9780415068659 |
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