Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations that assumes people inte
Proposes a new comprehensive theory about how expectations are formed and how they shape the macro economy.
In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How actors assess
This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and i
How much money is circulating in the United Kingdom? The question sounds simple. In fact, it is notoriously difficult to answer, because what counts as money is
