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Books > Business & Economics > Finance & accounting > Finance > Banking
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Expert Failure (Paperback)
Loot Price: R771
Discovery Miles 7 710
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Expert Failure (Paperback)
Series: Cambridge Studies in Economics, Choice, and Society
Expected to ship within 10 - 15 working days
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The humble idea that experts are ordinary human beings leads to
surprising conclusions about how to get the best possible expert
advice. All too often, experts have monopoly power because of
licensing restrictions or because they are government bureaucrats
protected from both competition and the consequences of their
decisions. This book argues that, in the market for expert opinion,
we need real competition in which rival experts may have different
opinions and new experts are free to enter. But the idea of
breaking up expert monopolies has far-reaching implications for
public administration, forensic science, research science,
economics, America's military-industrial complex, and all domains
of expert knowledge. Roger Koppl develops a theory of experts and
expert failure, and uses a wide range of examples - from forensic
science to fashion - to explain the applications of his theory,
including state regulation of economic activity.
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