1.

Record Nr.

UNINA9910815366603321

Autore

Young Warren <1949->

Titolo

Economics, economists, and expectations : microfoundations to macroapplications / / Warren Young, Robert Leeson and William Darity, Jnr

Pubbl/distr/stampa

London ; ; New York, : Routledge, 2004

ISBN

0-429-23054-0

0-203-68702-7

1-134-88624-1

1-280-02558-1

0-203-35793-0

Edizione

[1st ed.]

Descrizione fisica

1 online resource (177 p.)

Collana

Routledge studies in the history of economics ; ; 65

Altri autori (Persone)

LeesonRobert

DarityWilliam A. <1953->

Disciplina

330/.01

Soggetti

Rational expectations (Economic theory)

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. [140]-155) and index.

Nota di contenuto

Book Cover; Title; Contents; Preface; Acknowledgments; Abbreviations; Introduction; From Hayek to Vernon Smith: prices, the cobweb, and game theory; The Hart Research Agenda: information, anticipation, and the firm; Expectations research projects: from Illinois to Carnegie Tech; Muth, Mills, and Tinbergen; December 1959 and its aftermath; Patinkin, expectations, and Chicago; Expectations and the monetarist counter-revolution; Overview and conclusions; Bibliography; Index

Sommario/riassunto

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of modern approaches to expectations in micro and macroeconomics, this book makes use of primary sources and previously unpublished material from such figures as Hicks, Hawtrey and Hart.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