Information and Investment : A Study in the Working of the Competitive Economy

ISBN-13: 9780198287285 / Angielski

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Opis

This book, first published in 1960 and now updated, offers a theoretical examination of the effects on investment of uncertainty resulting from inadequate information. The author investigates the limitations of the theory of distribution, and the misrepresentations which have been the result of too great a dependence upon the classical mode of competitive equilibrium.

Spis treści

Foreword; Introduction; Part I. The Theory of Perfect Competition: The tendency to equilibrium; The availability of market information; Part II. Information and adjustment: The co-ordination of competitive investments; The co-ordination of complementary investments; The scale of investments; The assortment of production; Competition, selection and market discipline; Part III. The Influence of Uncertainty: The need for adaptability; Attitudes towards risk; Risk and welfare: I. Private and social profitability; Risk and welfare: II. Consolidation and public ownership; Annexe I: The organization of industry; Annexe II: Planning versus competition; Index