Harold Demsetz Quote

Modern analysis has yet to describe inefficiency in a world where indivisibilities are present and knowledge is costly to produce.


p. 19; cited in: Eggertsson (1990; 23) - "Information and Efficiency: Another Viewpoint." (1969)

Picture Quote 1

Modern analysis has yet to describe inefficiency in a world where indivisibilities are present and knowledge is costly to produce.

Picture Quote 2

Modern analysis has yet to describe inefficiency in a world where indivisibilities are present and knowledge is costly to produce.

Picture Quote 3

Modern analysis has yet to describe inefficiency in a world where indivisibilities are present and knowledge is costly to produce.

Picture Quote 4

Modern analysis has yet to describe inefficiency in a world where indivisibilities are present and knowledge is costly to produce.