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Article: Expectations In Economic Theory.(Book review)
- Article from:
- Internet Bookwatch
- Article date:
- April 1, 2008
CopyrightCOPYRIGHT 2008 Midwest Book Review. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Expectations In Economic Theory
S. A. Ozga
Transaction Publishers
Rutgers University
35 Berrue Circle, Piscataway, NJ 08854-8042
9780202361550, $29.95 www.transactionpub.com 1-888-999-6778
Economic theories are not just some pie-in-the-sky, ivory tower academic exercises. A sound economic theory is based upon a rational attempt to conceptualize and articulate the rules, principles, causes and effects of certain facts in terms of how they came to be, what they mean as an explanation of what has happened, and as predictors of what can be reasonably expected in the future. An economic theory is a scientific hypothesis ...