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Economics, Economists and Expectations
Economics, Economists and Expectations

Economics, Economists and Expectations

William Darity, Robert Leeson, Warren Young
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pages
176 pages
language
English
format
ePUB (mobile friendly)

Economics, Economists and Expectations

William Darity, Robert Leeson, Warren Young
This book is unavailable in your country
Book details
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About This Book

The concept of rational expectations has played a hugely important role in economics over the years. Dealing with the origins and development of modern approaches to expectations in micro and macroeconomics, this book makes use of primary sources and previously unpublished material from such figures as Hicks, Hawtrey and Hart. The accounts of the 'founding fathers' of the models themselves are also presented here for the first time. The authors trace the development of different approaches to expectations from the likes of Hayek, Morgenstern, and Coase right up to more modern theorists such as Friedman, Patinkin, Phelps and Lucas.

The startling conclusion that there was no 'Rational Expectations Revolution' is articulated, supported and defended with impressive clarity and authority. A necessity for economists across the world, this book will deserve its place upon many an academic bookshelf.

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Information

Publisher
Taylor and Francis
Year
2004
ISBN
9781134886234
Topic
Business
Subtopic
Business General
Edition
1

Table of contents