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. It will be of value to anyone with an interest in economic theory and methods of dealing with economic uncertainty.
Preface to second edition Preface to first edition 1. Introduction 2. The nature of expectation 3. Expected clarifying of expectations and its influence on the pace of investment 4. The choice of assets to be held for speculative gain 5. Design of taxation to maintain the incentive to enterprise 6. A theory of the bargaining process 7. A comparison with the orthodox view Appendix. The formal properties of the concept of potential surprise.
Preface to second edition Preface to first edition 1. Introduction 2. The nature of expectation 3. Expected clarifying of expectations and its influence on the pace of investment 4. The choice of assets to be held for speculative gain 5. Design of taxation to maintain the incentive to enterprise 6. A theory of the bargaining process 7. A comparison with the orthodox view Appendix. The formal properties of the concept of potential surprise.
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