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Item Details
| Title:
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BIG PLAYERS AND THE ECONOMIC THEORY OF EXPECTATIONS
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| By: |
Roger Koppl |
| Format: |
Hardback |
| List price:
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£107.00 |
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We believe that this item is permanently unavailable, and so we cannot source
it.
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| ISBN 10: |
0333678265 |
| ISBN 13: |
9780333678268 |
| Publisher: |
PALGRAVE MACMILLAN |
| Pub. date: |
19 June, 2002 |
| Pages: |
248 |
| Description: |
Investment and 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 in this work. |
| Synopsis: |
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. |
| Illustrations: |
XV, 248 p. |
| Publication: |
UK |
| Imprint: |
Palgrave Macmillan |
| Returns: |
Returnable |
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