Expectations - Theory and Applications from Historical Perspectives (Hardcover, 1st ed. 2020)

This book provides a unique historical perspective on expectations in economic theory, and applications of expectations models in economic history. Based on papers presented at the 2017 Thomas Guggenheim Conference, it brings together the work of economists, historians of economics, and economic historians on issues and events concerning expectations in economics and economic history. The contributions address: (i) the history of expectations models; (ii) growth, expectations and political economy; (iii) controversies regarding expectations methods and models; (iv) expectations in theory and reality; and (v) expectations in economic history. The book opens with a lecture by Thomas Guggenheim Prize winner Duncan Foley on the evolution of expectations in modern economic thought. The remaining content is divided into two parts, the first of which focuses on the utilization of expectations in the "ancient" and "meso" periods of high theory, i.e., from Smithian to Keynesian approaches. The papers cover topics such as "modern" applications of expectations in both "Tobinesque-Phillips" and "Harrodian-Solowian" contexts, and the debate between Friedmanite and Keynesian approaches to expectation formation. In turn, the last part presents essays on the role of economic expectations in connection with historical events and contexts, ranging from the early 20th century to World War II, and on the application of expectations theory to hyperinflation and stabilization, taking Israel as a case study.

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Series:	Springer Studies in the History of Economic Thought
Release date:	March 2020
First published:	2020
Editors:	Arie Arnon • Warren Young • Karine van der Beek
Dimensions:	235 x 155mm (L x W)
Format:	Hardcover
Pages:	238
Edition:	1st ed. 2020
ISBN-13:	978-3-03-041356-9
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Political economy Books > Humanities > History > History of specific subjects > Economic history Books > History > History of specific subjects > Economic history
LSN:	3-03-041356-X
Barcode:	9783030413569

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