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Quotes from Information and Efficiency: Another Viewpoint — Harold Demsetz

1930–2019 United States

← All quotes by Harold Demsetz

2 quotes

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

Information and Efficiency: Another Viewpoint (1969)

A relevant notion of efficiency must refer to scarcity and people as they are, not as they could be.

Information and Efficiency: Another Viewpoint (1969)

Attribution

Quotes and notes from Wikiquote: Harold Demsetz (page history), available under CC BY-SA 4.0.