[O221.Ebook] Ebook Big Players and the Economic Theory of Expectations, by R. Koppl

Ebook Big Players and the Economic Theory of Expectations, by R. Koppl

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Big Players and the Economic Theory of Expectations, by R. Koppl

Ebook Big Players and the Economic Theory of Expectations, by 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.

• Sales Rank: #4926497 in Books
• Published on: 2002-09-06
• Original language: English
• Number of items: 1
• Dimensions: 10.56" h x .88" w x 4.62" l, 1.14 pounds
• Binding: Hardcover
• 266 pages

Review

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

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

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