Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations that assumes people interpret their situations in unpredictable ways. Building on the evolutionary economics of F.A.Hayek, Koppl gives us such a theory. This...

Recommended readings (Machine generated): 1. Dotan Leshem (2014), 'The Ancient Art of Economics', European Journal of the History of Economic Thought, 21 (2), 201-29 -- 2. Constant J. Mews and Ibrahim Abraham (2007), 'Usury and Just Compensation: Religious and Financial Ethics in Historical...