This book explores the role of expectations within the modern
capitalist system. Through looking at how they are formed and
develop, the impact of events that lead to a collapse in
expectations, such as a major financial crisis, is examined to
highlight the precarious and unstable nature of the economic
system. With a particular focus on the UK and USA, it is also
considered how public policy and institutions can shift the balance
away from speculation and back towards enterprise. This book aims
to conceptualise instability and highlight how economic and
regulatory policy can limit it. It will be relevant to researchers
and policymakers interested in economic policy and regulatory
reform.
General
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