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Big Players and the Economic Theory of Expectations

  • RogerĀ Koppl

Table of contents

  1. Front Matter
    Pages i-xv
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Roger Koppl
      Pages 3-21
  3. Methodology

    1. Front Matter
      Pages 23-23
    2. Roger Koppl
      Pages 25-39
    3. Roger Koppl
      Pages 40-55
    4. Roger Koppl
      Pages 56-70
  4. Theory

    1. Front Matter
      Pages 71-71
    2. Roger Koppl
      Pages 73-95
    3. Roger Koppl
      Pages 96-119
    4. Roger Koppl
      Pages 120-138
  5. Applications

    1. Front Matter
      Pages 139-139
    2. Roger Koppl
      Pages 141-163
    3. Roger Koppl
      Pages 184-194
    4. Roger Koppl
      Pages 195-203
  6. Back Matter
    Pages 204-248

About this book

Introduction

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.

Keywords

economic theory economics evolutionary economics institutional economics methods money new institutional economics

Authors and affiliations

  • RogerĀ Koppl
    • 1
  1. 1.Fairleigh Dickinson UniversityMadisonUSA

Bibliographic information

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