Should-Read: Joseph E. Stiglitz: The Revolution of Information Economics: The Past and the Future: “The economics of information has constituted a revolution in economics… http://www.nber.org/papers/w23780 …providing explanations of phenomena that previously had been unexplained and upsetting longstanding presumptions, including that of market efficiency, with profound implications for economic policy. Information failures are associated with numerous … Continue reading Should-Read: Joseph E. Stiglitz: The Revolution of Information Economics: The Past and the Future