Volume III examines in clear and elegant prose the roles of knowledge and information in economics. Part One analyzes the effects of new or uncertain information on market performance; examines the formation and revision of expectations; and provides a classification of literature and an extensive bibliography. Part Two discusses private and social valuations of education and training, the controversy over nature vs. nurture," the issue of "credentialism," and the depreciation of human capital.

Originally published in 1984.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Series: Princeton Legacy Library (Book 3)
Paperback: 672 pages
Publisher: Princeton University Press (July 14, 2014)
Language: English
ISBN-10: 0691612579
ISBN-13: 978-0691612577
Product Dimensions: 7 x 1.3 x 10 inches
Shipping Weight: 2.6 pounds
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