William Darity - Böcker

The concept of rational expectations has played a hugely important role in economics over the years. Dealing with the origins and development of modern approaches to expectations in micro and macroeconomics, this book makes use of primary sources and previously unpublished material from such figures as Hicks, Hawtrey and Hart. The accounts of the 'founding fathers' of the models themselves are also presented here for the first time. The authors trace the development of different approaches to expectations from the likes of Hayek, Morgenstern, and Coase right up to more modern theorists such as Friedman, Patinkin, Phelps and Lucas.The startling conclusion that there was no 'Rational Expectations Revolution' is articulated, supported and defended with impressive clarity and authority. A necessity for economists across the world, this book will deserve its place upon many an academic bookshelf.

Economic disparity between ethnic and racial groups is a ubiquitous and pervasive phenomenon internationally. Gaps between groups encompass employment, wage, occupational status and wealth differentials. Virtually every nation is comprised of a group whose material well-being is sharply depressed in comparison with another, socially dominant group.This collection is a cross-national, comparative investigation of the patterns and dynamics of inter-group economic inequality. A wide range of respected experts discuss such issues as:*a wide range of groups from the Burakumin in Japan to the scheduled castes and tribes in India*policy attempts to remedy intergroup inequality*race and labor market outcomes in Brazil.Under the impressive editorship of William Darity Jr and Ashwini Deshpande, this collection forms an important book. It will be of interest to students and academics involved in racial studies, the economics of discrimination and labor economics as well as policy makers around the world.

The concept of rational expectations has played a hugely important role in economics over the years. Dealing with the origins and development of modern approaches to expectations in micro and macroeconomics, this book makes use of primary sources and previously unpublished material from such figures as Hicks, Hawtrey and Hart. The accounts of the 'founding fathers' of the models themselves are also presented here for the first time. The authors trace the development of different approaches to expectations from the likes of Hayek, Morgenstern, and Coase right up to more modern theorists such as Friedman, Patinkin, Phelps and Lucas.The startling conclusion that there was no 'Rational Expectations Revolution' is articulated, supported and defended with impressive clarity and authority. A necessity for economists across the world, this book will deserve its place upon many an academic bookshelf.