Expectation in Economics. G.L.S. Shackle
Book Details
Format
Paperback / Softback
ISBN-10
1107629144
ISBN-13
9781107629141
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 13th, 2012
Print length
162 Pages
Weight
232 grams
Dimensions
21.60 x 14.00 x 1.10 cms
Product Classification:
Economics
Ksh 6,100.00
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First published in 1952, as the second edition of a 1949 original, this book contains a discussion of the role of expectation in relation to the workings of the economy. It will be of value to anyone with an interest in economic theory and methods of dealing with economic uncertainty.
First published in 1952, as the second edition of a 1949 original, this book contains a discussion of the role of expectation in relation to the workings of the economy. For the purposes of the discussion, expectation is defined as the act of creating imaginary situations, of associating them with named future dates, and of assigning to each of the hypotheses thus formed a place on a scale measuring the degree of belief that a specified course of action will make this hypothesis come true. The text also contains appendices and a detailed index. This book will be of value to anyone with an interest in economic theory and methods of dealing with economic uncertainty.
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