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Economics demonstrates how markets can serve as remarkably efficient institutions in allocating scarce resources. At the same time, incomplete information generates prices that can lead to a mis-allocation, producing in some cases too little while in oth
Economics demonstrates how markets can serve as remarkably efficient institutions in allocating scarce resources. At the same time, incomplete information generates prices that can lead to a mis-allocation, producing in some cases too little while in oth
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Phillip LeBel, Ph.D., is emeritus Professor of Economics at Montclair State University. With a career combining academic research, teaching, and professional consulting, Dr. LeBel has accumulated a record of expertise in several areas. He has published in energy and natural resource economics, institutional risk assessment, and management of financial institutions in the U.S., Africa, and Asia. Author of "Energy Economics and Technology" (Johns Hopkins University Press, 1982), this new book combines insights from ongoing research in economics and neuroscience to the formulation of sustainable public policy choices.
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