This book was first published in 196. It addressed issues of fundamental importance in economic analysis. The questions it raised are if anything, more central to the concerns of economists than they were on first publication. It is reissued with the addition of two of Richardson's subsequent papers which are of particular relevance: a new introduction by Richardson, and a preface.
This book was first published in 196. It addressed issues of fundamental importance in economic analysis. The questions it raised are if anything, more central to the concerns of economists than they were on first publication. It is reissued with the addition of two of Richardson's subsequent papers which are of particular relevance: a new introduction by Richardson, and a preface.
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
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
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