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Routledge Economics, Economists and Expectations - Routledge Studies 65

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Description

This comprehensive academic work examines the concept of rational expectations and its pivotal role in modern economic theory. The book traces the evolution of expectations approaches from foundational theorists including Hayek, Morgenstern, and Coase through to contemporary economists, drawing on primary sources and previously unpublished material from influential figures such as Hicks, Hawtrey, and Hart. By presenting firsthand accounts from the architects of these economic models, the volume offers unique insights into how expectations theory developed across both microeconomic and macroeconomic frameworks. Essential reading for scholars, students, and economists seeking to understand the intellectual history behind rational expectations and its applications to real-world economic analysis.

Key Features

The book examines rational expectations as a central concept in modern economics with applications across micro and macroeconomic theory.

Primary sources and previously unpublished material from Hicks, Hawtrey, and Hart provide original perspectives on expectations development.

Accounts from the founding fathers of expectations models are presented for the first time, offering direct insights into model creation.

The Routledge Studies in the History of Economics series positions this work as a scholarly contribution to understanding economic thought evolution.

Coverage spans from classical theorists like Hayek and Coase to modern economists, showing the historical trajectory of expectations theory.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
04 March 2004
Listed Since
09 February 2007

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