ricerca
avanzata
  • Help & Faq
  • Accedi/Login

The Economics of Ignorance and Coordination - 9781848441040

Un libro in lingua di Thierry Aimar edito da Edward Elgar Pub, 2009

  • € 131.60
  • Il prezzo è variabile in funzione del cambio della valuta d’origine

According to Aimar (economics, Sciences Po Paris and U. of Nancy 2, France) standard "efficient markets" and "rational expectations" economic theory fails to adequately treat the problem of coordination because their cognitive hypotheses are too unfounded to justify the general conclusion that in the absence of technological shocks, the markets' equilibrium is automatically guaranteed by price flexibility. He argues that examination of the problem of coordination needs to be based on the fact of economic actors' ignorance and that theme of institutions can be seen as a solution to the problem. In particular, the relatively neglected Austrian school of economics provides these answers, as he seeks to demonstrate through an explication of the Austrian and neo-Austrian traditions concerning the problem of ignorance in market formation. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)

Informazioni bibliografiche