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Focusing on economic control methods, the book explores how self-interest and voluntary contracts can guide sectors without extensive planning or ideal competition. It emphasizes a trial-and-error approach, adjusting targets based on real-time results. The author demonstrates that these methods are versatile, applicable to privately owned, nationalized, mixed, or labor-managed industries, offering a pragmatic alternative to traditional economic strategies.
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Information, Incentives and the Economics of Control, G. C. Archibald
- Language
- Released
- 2005
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Information, Incentives and the Economics of Control
- Language
- English
- Authors
- G. C. Archibald
- Publisher
- Cambridge University Press
- Released
- 2005
- Format
- Paperback
- Pages
- 192
- ISBN13
- 9780521022798
- Category
- Business and Economics
- Description
- Focusing on economic control methods, the book explores how self-interest and voluntary contracts can guide sectors without extensive planning or ideal competition. It emphasizes a trial-and-error approach, adjusting targets based on real-time results. The author demonstrates that these methods are versatile, applicable to privately owned, nationalized, mixed, or labor-managed industries, offering a pragmatic alternative to traditional economic strategies.