Volume III examines in clear and elegant prose the roles of
knowledge and information in economics. Part One analyzes the
effects of new or uncertain information on market performance;
examines the formation and revision of expectations; and provides a
classification of literature and an extensive bibliography. Part
Two discusses private and social valuations of education and
training, the controversy over nature vs. nurture," the issue of
"credentialism," and the depreciation of human capital.
Originally published in 1984.
The Princeton Legacy Library uses the latest print-on-demand
technology to again make available previously out-of-print books
from the distinguished backlist of Princeton University Press.
These paperback editions preserve the original texts of these
important books while presenting them in durable paperback
editions. The goal of the Princeton Legacy Library is to vastly
increase access to the rich scholarly heritage found in the
thousands of books published by Princeton University Press since
its founding in 1905.
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