๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Imperfect competition and the Keynesian cross

โœ Scribed by N.Gregory Mankiw


Book ID
116100425
Publisher
Elsevier Science
Year
1988
Tongue
English
Weight
425 KB
Volume
26
Category
Article
ISSN
0165-1765

No coin nor oath required. For personal study only.


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This article contrasts two myths: perfect competition throughout a whole economy x and "perfect computation"-a computation so detailed and quick that it would achieve the same allocation of resources. It maintains that the former is in some respects as centralized as the latter, and that decentraliz