ABSTRACT

The concept of rational expectations has played a hugely important role in economics over the years. Dealing with the origins and development of modern approaches to expectations in micro and macroeconomics, this book makes use of primary sources and previously unpublished material from such figures as Hicks, Hawtrey and Hart. The accounts of the '

chapter |3 pages

Introduction

chapter 1|18 pages

From Hayek to Vernon Smith

Prices, the cobweb, and game theory

chapter 2|12 pages

The Hart Research Agenda

Information, anticipation, and the firm

chapter 3|27 pages

Expectations research projects: from Illinois to

From Illinois to Carnegie Tech

chapter 4|11 pages

Muth, Mills, and Tinbergen

chapter 5|27 pages

December 1959 and its aftermath

chapter 6|14 pages

Patinkin, expectations, and Chicago