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About this book
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.
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Keywords
Table of contents (11 chapters)
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Front Matter
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Introduction
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Front Matter
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Methodology
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Front Matter
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Theory
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Front Matter
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Applications
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Front Matter
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Back Matter
Reviews
'The research contained... is of a very high level.' - Giampaolo Garzarelli, Journal of Public Finance and Public Choice
Authors and Affiliations
About the author
ROGER KOPPL is Professor of Economics and Finance at Fairleigh Dickinson University, Madison, USA.
Bibliographic Information
Book Title: Big Players and the Economic Theory of Expectations
Authors: Roger Koppl
DOI: https://doi.org/10.1057/9780230629240
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2002
Hardcover ISBN: 978-0-333-67826-8Published: 19 June 2002
Softcover ISBN: 978-1-349-39968-0Published: 01 January 2002
eBook ISBN: 978-0-230-62924-0Published: 19 June 2002
Edition Number: 1
Number of Pages: XV, 248
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Macroeconomics/Monetary Economics//Financial Economics, Finance, general, International Political Economy