Prices and knowledge: A market-process perspective

First published 1992by Routledge11 New Fetter Lane, London EC4P 4EEThis edition published in the Taylor & Francis e-Library, 2002.Simultaneously published in the USA and Canadaby Routledgea division of Routledge, Chapman and Hall, Inc.29 West 35th Street, New York, NY 10001© 1992 Esteban ThomsenAll rights reserved. No part of this book may be reprinted or reproduced orutilized in any form or by any electronic, mechanical, or other means, nowknown or hereafter invented, including photocopy and recording, or in anyinformation storage or retrieval system, without permission in writing from thepublishers.British Library Cataloguing in Publication DataThomsen, Esteban F.Prices and knowledge: a market-processperspective. — (Foundations of the market economy)I. Title II. Series338.5ISBN 0-415-06865-7 (Print Edition)Library of Congress Cataloging-in-Publication DataThomsen, Esteban F., 1956–Prices and knowledge: a market process perspective/Esteban F.Thomsen.p. cm — (Foundations of the market economy)Includes bibliographical references and index.ISBN 0-415-06865-71. Prices. 2. Information theory in economics. 3. Equilibrium(Economics) I. Title. II. Series.HB221.T467 1992338.5′2–dc20 91–28388CIPThis book has been sponsored in part by the Austrian Economics Program atNew York UniversityISBN 0-203-04854-7 Master e-book ISBNISBN 0-203-20807-2 (Glassbook Format)