Endogenous Economic Fluctuations
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, 2011
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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.
- ISBN-13
- 9783642082955
- ISBN-10
- 3642082955
- Publisher
- Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
- Year
- 2011
- Publication date
- 2011-02-09
- Pages
- 356
- Dimensions
- 235x155x