Work detail

Expectations in the work of John Maynard Keynes

Author: Bc. Tomáš Bechner
Year: 2004 - summer
Leaders: † prof. Ing. Milan Sojka CSc.
Consultants:
Work type: Bachelors
Language: Czech
Pages: 40
Awards and prizes:
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Abstract: This paper aims at a basic summary and a development of the expectations theory, mostly rational and adaptive. The work tries to explain an understanding the expectations in the Keyne’s The General Theory of Employment, Interest and Money, the main accent is put on an influence of the expectation to investment and on a sequent prospecting elements of the theories of expectations, which were developed in the second half of the 20th century. For the contextualization in this paper is mentioned basic outline of the theory of J. M. Keynes. At the end of this work is shown the outline of one of the theory, which tries connect theory of rational expectations with the Keynesian approach.

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