{"product_id":"expectation-in-economics-paperback-9781107629141","title":"Expectation in Economics (Paperback \/ softback) 9781107629141","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eExpectation in Economics\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eFirst published in 1952, this book contains a discussion of the role of expectation in relation to the workings of the economy.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eG. L. S. Shackle (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781107629141, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 13 December 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e162 pages\u003cbr\u003e21.6 x 14 x 0.9 cm, 0.21 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eFirst 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface to second edition\u003cbr\u003e Preface to first edition\u003cbr\u003e 1. Introduction\u003cbr\u003e 2. The nature of expectation\u003cbr\u003e 3. Expected clarifying of expectations and its influence on the pace of investment\u003cbr\u003e 4. The choice of assets to be held for speculative gain\u003cbr\u003e 5. Design of taxation to maintain the incentive to enterprise\u003cbr\u003e 6. A theory of the bargaining process\u003cbr\u003e 7. A comparison with the orthodox view\u003cbr\u003e Appendix. The formal properties of the concept of potential surprise.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46004989591832,"sku":"9781107629141","price":30.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781107629141i.jpg?v=1696770361","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/expectation-in-economics-paperback-9781107629141","provider":"Freshly Printed Books","version":"1.0","type":"link"}