IN 2001, the Nobel Prize in economics went to Joseph Stiglitz, George Akerlof, and Michael Spence for showing how and why markets again and again fall prey to imperfect information. Stiglitz explains their main idea: “In the field of economics, perhaps the most important break with the past one that leaves open huge areas for future work lies in the economics of information. It is now recognized that information is imperfect, obtaining information can be costly, there are important asymmetries of information, and the extent of information asymmetries is affected by actions of firms and individuals. What this means for business strategy is that you can never predict the future, no matter how hard you try. You can gather more and more data and analyze them night and day, but you still can’t know which strategy will work and which will not. [download]
Format : Ebook.Pdf
Tidak ada komentar:
Posting Komentar