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Big players and the economic theory of expectations / Roger Koppl.
Lippincott Library HB3722 .K66 2002
Available
- Format:
- Book
- Author/Creator:
- Koppl, Roger, 1957-
- Language:
- English
- Subjects (All):
- Rational expectations (Economic theory).
- Economic forecasting.
- Business cycles.
- Money market--Forecasting.
- Money market.
- Stock price forecasting.
- Economics--History--20th century.
- Economics.
- History.
- Physical Description:
- xv, 248 pages : illustrations ; 23 cm
- Place of Publication:
- Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2002.
- Summary:
- 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.
- Notes:
- Includes bibliographical references (pages 223-236) and indexes.
- ISBN:
- 0333678265
- OCLC:
- 48691452
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