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Prices and Knowledge Esteban F. Thomsen

Prices and Knowledge By Esteban F. Thomsen

Prices and Knowledge by Esteban F. Thomsen


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Summary

Prices and Knowledge analyses different theoretical approaches to the role of prices in situations of imperfect information.

Prices and Knowledge Summary

Prices and Knowledge: A Market-Process Perspective by Esteban F. Thomsen

Controversial as disequilibrium approach has not (yet) been accepted by mainstream economics

Written without using mathematical notation, thus making it more accessible

Will interest both neo-Austrian economists and those interested in price theory

One of the first books in a big new series

Prices and Knowledge Reviews

`... a careful and admirably brief statement of the case for the market process approach to the theory of price.' - Economic Journal May 93

About Esteban F. Thomsen

Esteban F. Thomsen

Table of Contents

Introduction 1. A Theory of the Market Process 2. Equilibrium Prices and Information 3. `Bounded Rationality' and the Price System 4. Change, Responsiveness and Coordination 5. Conclusions

Additional information

NPB9780415068659
9780415068659
0415068657
Prices and Knowledge: A Market-Process Perspective by Esteban F. Thomsen
New
Hardback
Taylor & Francis Ltd
1992-05-07
158
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - Prices and Knowledge