Expectations in Economic Theory

Business & Finance, Economics, Theory of Economics
Cover of the book Expectations in Economic Theory by S. A. Ozga, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: S. A. Ozga ISBN: 9781351521079
Publisher: Taylor and Francis Publication: July 5, 2017
Imprint: Routledge Language: English
Author: S. A. Ozga
ISBN: 9781351521079
Publisher: Taylor and Francis
Publication: July 5, 2017
Imprint: Routledge
Language: English

This book deals with economic theory, not methodology. It does employ certain methodological resolutions. These resolutions and the limitations they impose on the nature and the scope of the analysis are reviewed. The first resolution concerns what kind of a theory is to be discussed. The word theory may mean many things; it may mean a hypothesis put forward as an explanation of something, an idea, or a notion. In a normative sense it may mean a recommendation, a rule, or principle to be followed. In science it usually means a system of hypotheses to be accepted as an explanation of certain facts, a set of general laws, and principles. It is also used to distinguish the general principles and methods of a subject from the practice of it.The theory with which this volume is concerned is that of science. In very general terms it may be defined as a system of hypotheses, one following from another, which permits the reader to derive from known facts and predictions of other facts. If the knowledge of the fact which we predict is important for us, in the sense that it permits us to achieve better the objectives we pursue, the theory may have a practical value. This book is therefore not only a contribution to the analysis of expectations but also an introduction to a number of selected topics in economic theory.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book deals with economic theory, not methodology. It does employ certain methodological resolutions. These resolutions and the limitations they impose on the nature and the scope of the analysis are reviewed. The first resolution concerns what kind of a theory is to be discussed. The word theory may mean many things; it may mean a hypothesis put forward as an explanation of something, an idea, or a notion. In a normative sense it may mean a recommendation, a rule, or principle to be followed. In science it usually means a system of hypotheses to be accepted as an explanation of certain facts, a set of general laws, and principles. It is also used to distinguish the general principles and methods of a subject from the practice of it.The theory with which this volume is concerned is that of science. In very general terms it may be defined as a system of hypotheses, one following from another, which permits the reader to derive from known facts and predictions of other facts. If the knowledge of the fact which we predict is important for us, in the sense that it permits us to achieve better the objectives we pursue, the theory may have a practical value. This book is therefore not only a contribution to the analysis of expectations but also an introduction to a number of selected topics in economic theory.

More books from Taylor and Francis

Cover of the book White Terror by S. A. Ozga
Cover of the book Communication Yearbook 28 by S. A. Ozga
Cover of the book On the Internet by S. A. Ozga
Cover of the book Critical Thinking Within the Library Program by S. A. Ozga
Cover of the book Doctors' Careers by S. A. Ozga
Cover of the book Political and Historical Encyclopedia of Women by S. A. Ozga
Cover of the book John Elwyn by S. A. Ozga
Cover of the book Math Intervention 3-5 by S. A. Ozga
Cover of the book Food and Language by S. A. Ozga
Cover of the book Social Media Communication by S. A. Ozga
Cover of the book The Politics of Nuclear Weapons in South Asia by S. A. Ozga
Cover of the book The Working-Classes in Victorian Fiction by S. A. Ozga
Cover of the book The Routledge International Handbook of Froebel and Early Childhood Practice by S. A. Ozga
Cover of the book Strange Spaces by S. A. Ozga
Cover of the book Ecology, Community and Delight by S. A. Ozga
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy