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Endogenous Economic Fluctuations

- Studies in the Theory of Rational Beliefs

Om Endogenous Economic Fluctuations

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.

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  • Språk:
  • Engelsk
  • ISBN:
  • 9783540626121
  • Bindende:
  • Hardback
  • Sider:
  • 356
  • Utgitt:
  • 21 august 1997
  • Utgave:
  • 1997
  • Dimensjoner:
  • 156x234x22 mm.
  • Vekt:
  • 1570 g.
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Leveringstid: 2-4 uker
Forventet levering: 30 juli 2024

Beskrivelse av Endogenous Economic Fluctuations

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.

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