Endogenous Economic Fluctuations formatIsbn:Hardcover - 9783540626121 der Kathodenstrahl-Oszillograph

der Kathodenstrahl-Oszillograph

Diese Arbeit soll ein Licht auf das Leben der sozialen Unterschicht dieses

ergänzt und aktualisiert worden

creating a book that is both comprehensive and accessible

ob es auch ökonomisch relevante angebotsseitige Kriterien gibt: horizontale

Endogenous Economic Fluctuations formatIsbn:Hardcover - 9783540626121 der Kathodenstrahl-OszillographThe book presents a new theory of expectations called "rational beliefs". Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of beliefs of market participants. One part of the book provides an exposition of the foundation of the theory