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

Abstract

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