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Big Players and the Economic Theory of Expectations
Roger Koppl
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Description for Big Players and the Economic Theory of Expectations
Hardcover. 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. Num Pages: 263 pages, biography. BIC Classification: KCA. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 216 x 140 x 20. Weight in Grams: 523.
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.
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.
Product Details
Format
Hardback
Publication date
2002
Publisher
Palgrave Macmillan
Number of pages
264
Condition
New
Number of Pages
248
Place of Publication
Basingstoke, United Kingdom
ISBN
9780333678268
SKU
V9780333678268
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Roger Koppl
ROGER KOPPL is Professor of Economics and Finance at Fairleigh Dickinson University, Madison, USA.
Reviews for Big Players and the Economic Theory of Expectations
'The research contained... is of a very high level.' - Giampaolo Garzarelli, Journal of Public Finance and Public Choice