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 editions preserve the original texts of
these important books while presenting them in durable paperback
and hardcover 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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