Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations that assumes people inte

This book develops the idea of rational expectations and surveys its use in economics today.

A fully expanded edition of the Nobel Prize–winning economist's classic book This collection of essays uses the lens of rational expectations theory to examin

This book provides a unique historical perspective on expectations in economic theory, and applications of expectations models in economic history. Based on pap

A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Infl