ABSTRACT
The central thesis of this book is that the adoption of perfectinformation modelling as the heart of neoclassical economics transformed the way economists were trained to think about the institution known as the market. Under the classical regime (and into the early 1920s), economists saw the market as a process through which entrepreneurs earned profit to discover what to produce and how to produce. Under the perfectinformation regime, what and how become the known ends and means, and the market became a computer for providing the equilibrium magnitudes of same. This new mental framework led to a pro-government disposition in several key areas that were described fully in preceding chapters and will be summarized below.
