Big Players and the Economic Theory of Expectations (original) (raw)

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Authors:

1. Roger Koppl
   1. Fairleigh Dickinson University, Madison, USA

• 916 Accesses
• 179 Citations
• 15 Altmetric

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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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Table of contents (11 chapters)

1. Introduction

2. Methodology

   1. Schutz

      • Roger Koppl
        Pages 40-55

   2. Hayek

      • Roger Koppl
        Pages 56-70

3. Theory

4. Applications

   1. Coda

      • Roger Koppl
        Pages 195-203

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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.

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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

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