Uncertainty, Expectations, and Financial Instability: Reviving Allais's Lost Theory of Psychological Time

Idioma: inglés

Editorial: Columbia University Press, 2014

0231166281 / 9780231166287

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Librería: killarneybooks, Inagh, Clare, Irlandakillarneybooks

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Descripción del artículo del vendedor

Hardcover, xlvi + 396 pages, NOT ex-library. Book is clean and bright throughout, with unmarked text, free of inscriptions and stamps, firmly bound. Minor handling wear. Bright untorn dust jacket. -- This work seeks to revive and re-examine the neglected economic theories of Nobel laureate Maurice Allais, arguing they provide a powerful explanation for financial instability. The author posits that Allais's core concept of "psychological time" - the idea that human perception of time is subjective and influenced by memory and expectations - is the key to understanding market dynamics. The book contrasts this with mainstream models based on rational expectations, arguing that Allais's framework better accounts for speculative bubbles, market panics, and the cyclical nature of credit. It serves as a major re-interpretation of a key thinker and a critique of modern macroeconomic and financial theory. -- Maurice Allais (1911-2010) was a French physicist and economist who was awarded the Nobel Memorial Prize in Economic Sciences in 1988 for his "pioneering contributions to the theory of markets and efficient utilization of resources." Despite this recognition, his more unconventional and psychologically-grounded work on monetary dynamics, risk, and human perception of time - which this book focuses on - was largely ignored by the mainstream, English-speaking economic profession. He is often considered one of the great, overlooked figures of 20th-century economic thought.…

N° de ref. del artículo 011447

Título
Uncertainty, Expectations, and Financial Instability: Reviving Allais's Lost Theory of Psychological Time
Autor
Eric Barthalon
Editorial
Columbia University Press
Año de publicación
2014
Estado
Near Fine
Sobrecubierta
Near Fine
Encuadernación
Hardcover
Idioma
inglés
ISBN 10
0231166281
ISBN 13
9780231166287
Edición
1st Edition

killarneybooks

Inagh, Clare, Irlanda

Vendedor de 5 estrellas

Vendedor de IberLibro desde 20 de abril de 2017

Tarifas de envío de Irlanda a Estados Unidos de America

ArtículoDe 6 a 7 días hábilesDe 3 a 4 días hábiles
Primer artículoEUR 33,70EUR 38,00
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All U.S.-bound orders are now shipped with UPS for reliable delivery. Additional customs or import fees are highly unlikely; however, please note buyers remain responsible for any duties or taxes that U.S. Customs may assess. -- Killarneybooks is a family-run bookshop based in the Republic of Ireland. We take pride in accurate listings, careful packaging, and prompt service - most orders ship within 24 hours. All books listed are in stock and ready for immediate dispatch - we are not dropshippers. Inquiries always welcome.…

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