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  • © 2002

Big Players and the Economic Theory of Expectations

Palgrave Macmillan

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eBook USD 84.99
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  • ISBN: 978-0-230-62924-0
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Softcover Book USD 109.99
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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xv
  2. Introduction

    1. Front Matter

      Pages 1-1
    2. Introduction and Summary

      • Roger Koppl
      Pages 3-21
  3. Methodology

    1. Front Matter

      Pages 23-23
    2. The Misesian Context

      • Roger Koppl
      Pages 25-39
    3. Schutz

      • Roger Koppl
      Pages 40-55
    4. Hayek

      • Roger Koppl
      Pages 56-70
  4. Theory

    1. Front Matter

      Pages 71-71
    2. Language Games and Economic Theory

      • Roger Koppl
      Pages 73-95
    3. Expectations

      • Roger Koppl
      Pages 96-119
    4. Big Players

      • Roger Koppl
      Pages 120-138
  5. Applications

    1. Front Matter

      Pages 139-139
    2. Big Players in Czarist Russia

      • Roger Koppl
      Pages 141-163
    3. Herding in Money Demand

      • Roger Koppl
      Pages 184-194
    4. Coda

      • Roger Koppl
      Pages 195-203
  6. Back Matter

    Pages 204-248

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.

Keywords

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

Reviews

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

Authors and Affiliations

  • Fairleigh Dickinson University, Madison, USA

    Roger Koppl

About the author

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

Bibliographic Information

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • ISBN: 978-0-230-62924-0
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 109.99
Price excludes VAT (USA)
Hardcover Book USD 170.00
Price excludes VAT (USA)