Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations that assumes people interpret their situations in unpredictable ways. Building on the evolutionary economics of F.A.Hayek, Koppl gives us such a theory. This includes a theory of 'Big Players', demonstrating that discretionary policy interventions create ignorance and uncertainty. The volume uses innovative methods to address many vital problems in economic theory, and connects with many other schools of economics including New Institutional Economics, Constitutional Economics and Post Walsarian Economics.
1102943553
Big Players and the Economic Theory of Expectations
Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations that assumes people interpret their situations in unpredictable ways. Building on the evolutionary economics of F.A.Hayek, Koppl gives us such a theory. This includes a theory of 'Big Players', demonstrating that discretionary policy interventions create ignorance and uncertainty. The volume uses innovative methods to address many vital problems in economic theory, and connects with many other schools of economics including New Institutional Economics, Constitutional Economics and Post Walsarian Economics.
109.99
In Stock
5
1
Big Players and the Economic Theory of Expectations
248
Big Players and the Economic Theory of Expectations
248Paperback(1st ed. 2002)
$109.99
109.99
In Stock
Product Details
| ISBN-13: | 9781349399680 |
|---|---|
| Publisher: | Palgrave Macmillan UK |
| Publication date: | 01/01/2002 |
| Edition description: | 1st ed. 2002 |
| Pages: | 248 |
| Product dimensions: | 5.98(w) x 9.02(h) x (d) |
About the Author
From the B&N Reads Blog