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Era of the Wise Man: The Expectation-Led Market Principle

Era of the Wise Man: The Expectation-Led Market Principle

          
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About the Book

An Era of The Wise Man is an economic critique of the price mechanism which underpins classical Western economics. In the contemporary era, particularly since the global financial crisis of 2007/08, conventional free-market theory has proved fallible and ineffective in guiding economies out of crisis and generating robust growth. The author suggests adopting a new principle within economic theory, reflecting the imperfections of real-world markets rather than hypothetical perfect markets, and centering on demand expectation.

With reference to China's rapid economic development in recent decades, this book advocates the expectation-led market principle, which draws a distinction between demand as defined by Adam Smith and classical economics, with that of demand based on expectations--a theory discussed at length in later chapters. Essentially, this theory rejects several assumptions that form the basis of classical economics; however, it does not dismiss conventional economics entirely. For readers interested in economics, this book provides a thorough rebuttal to economic orthodoxy and offers an alternative point of view.


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Product Details
  • ISBN-13: 9781487808372
  • Publisher: Royal Collins Publishing Company
  • Publisher Imprint: Royal Collins Publishing Company
  • Height: 216 mm
  • No of Pages: 192
  • Spine Width: 15 mm
  • Weight: 385 gr
  • ISBN-10: 1487808372
  • Publisher Date: 30 Nov 2021
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Sub Title: The Expectation-Led Market Principle
  • Width: 150 mm


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