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    Big Players and the Economic Theory of Expectations

Big Players and the Economic Theory of Expectations

R. Koppl
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      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.
      Format: Paperback / softback CONTRIBUTORS: R. Koppl EAN: 9781349399680 COUNTRY: United Kingdom PAGES: WEIGHT: 398 g HEIGHT: 229 cm
      PUBLISHED BY: Palgrave Macmillan DATE PUBLISHED: 2002-01-01 CITY: GENRE: BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Economics / Theory, POLITICAL SCIENCE / Political Economy WIDTH: 152 cm SPINE:

      Book Themes:

      International relations, Economic theory and philosophy, Macroeconomics, Political economy, Finance and the finance industry

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      ROGER KOPPL is Professor of Economics and Finance at Fairleigh Dickinson University, Madison, USA.
      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.
      Format: Paperback / softback CONTRIBUTORS: R. Koppl EAN: 9781349399680 COUNTRY: United Kingdom PAGES: WEIGHT: 398 g HEIGHT: 229 cm
      PUBLISHED BY: Palgrave Macmillan DATE PUBLISHED: 2002-01-01 CITY: GENRE: BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Economics / Theory, POLITICAL SCIENCE / Political Economy WIDTH: 152 cm SPINE:

      Book Themes:

      International relations, Economic theory and philosophy, Macroeconomics, Political economy, Finance and the finance industry

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      Be the first to write a review
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      ROGER KOPPL is Professor of Economics and Finance at Fairleigh Dickinson University, Madison, USA.

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