Expectation in Economics (Paperback)

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.