Big Players and the Economic Theory of Expectations
By (author) Roger Koppl
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Big Players and the Economic Theory of Expectations by Roger Koppl
Book DescriptionInvestment 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.
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Book DetailsISBN: 9780333678268
(216mm x 140mm x 20mm)
Imprint: Palgrave Macmillan
Publisher: Palgrave Macmillan
Publish Date: 19-Jun-2002
Country of Publication: United Kingdom
Books By Author Roger Koppl
Subjectivism and Economic Analysis, Paperback (May 2015)View all books by Roger Koppl
Subjectivism plays a fundamental role in many of the leading alternative schools in economics. This work explores major methodological issues in the area of radical subjectivism and includes contributions from Jorg Bibow, Peter Boettke, Maurizio Caserta, Steven Horwitz, Brian J. Loasby, Steven Parsons, Steve Sullivan and Carlo Zappia.
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Author Biography - Roger Koppl
ROGER KOPPL is Professor of Economics and Finance at Fairleigh Dickinson University, Madison, USA.
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