LIBROS DEL AUTOR: mordecai kurz

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  • Endogenous Economic Fluctuations
    Mordecai Kurz
    The book presents a new theory of expectations called 'rational beliefs'. Contrary to the standard theory which views the origin of uncertainty as being exogenous to the economic system, the theory of rational beliefs holds that a crucial component of social risk and economic fluctuations is endogenously propagated by variations in the state of belief...
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