Big Players and the Economic Theory of Expectations

ISBN-13: 9780333678268 / Angielski / Twarda / 2002 / 248 str.

Roger Koppl

Opis

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.

Recenzje

'The research contained... is of a very high level.' - Giampaolo Garzarelli, Journal of Public Finance and Public Choice

Spis treści

PART I: INTRODUCTION An Overview of the Book PART II: METHODOLOGY Mises Schutz Hayek PART III: THEORY Language Games and Economic Theory Expectations Big Players PART IV: APPLICATIONS Ruble Angular Distribution Money Demand Coda Appendices Index

O autorze

ROGER KOPPL is Professor of Economics and Finance at Fairleigh Dickinson University, Madison, USA.