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Knowledge and Information

In: PRICE THEORY AND APPLICATIONS

Author

Listed:
  • Steven E. Landsburg

Abstract

Every night the 1.6 million residents of Manhattan Island go to bed confident that when they awake, they will be able to purchase food, clothing, gasoline, and dozens of other items that are sent to New York City from thousands of miles away. How can Iowa farmers and Texas oil producers know what products to ship to Manhattan and in what quantities?…

Suggested Citation

  • Steven E. Landsburg, 2024. "Knowledge and Information," World Scientific Book Chapters, in: PRICE THEORY AND APPLICATIONS, chapter 9, pages 349-385, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789811263316_0009
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