Information and Economic Analysis: A Perspective
回顾了传统经济分析的三大准则，并指出1970年代后大量模型开始研究信息不完全下的经济行为，其中亚当·斯密的“看不见的手”概念备受关注。适合对信息经济学发展脉络感兴趣的读者。
The article focuses on information and economic analysis. Traditional economic analysis was predicated on three maxims: nature abhorred discontinuities, nature abhorred non-convexities and the Law of Supply and Demand. During the 1970s, a large number of models examining economic behavior in the presence of imperfect information have been constructed. Adam Smith's invisible hand has attracted more attention than any other. It has the notion that a competitive equilibrium would attain a Pareto efficient allocation.