Big Players and the Economic Theory of Expectations

by Roger Koppl

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 134939968X
• ISBN13: 9781349399680
• Release Date: January 2002
• Publisher: Palgrave MacMillan
• Length: 248 Pages
• Weight: 0.87 lbs.
• Dimensions: 0.6" x 6.0" x 9.0"