Economics, Economists and Expectations

Name: Economics, Economists and Expectations
SKU: 2024439
Price: 386.99 AUD
Availability: InStock

From Microfoundations to Macroapplications

By:

Format:

Hardback

Series:

Routledge Studies in the History of Economics

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Description

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of modern approaches to expectations in micro and macroeconomics, this book makes use of primary sources and previously unpublished material from such figures as Hicks, Hawtrey and Hart.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 derve its place upon many an academic bookshelf.

Author Biography:

William Darity, Robert Leeson, Warren Young

Release date Australia

March 4th, 2004

Author

Audiences

Professional & Vocational
Tertiary Education (US: College)

Pages

176

Series

Routledge Studies in the History of Economics

Dimensions

156x234x19

ISBN-13

9780415085151

Product ID

2024439

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