ABSTRACT

The Routledge Handbook of Economic Expectations in Historical Perspective offers a one-stop reference that distills and summarizes the recent scholarship on economic expectations. Investigating the dynamics, effects, and determinants of economic expectations from a global perspective since the seventeenth century, this book enhances the understanding of expectation formation across time and space.

Expectations drive economic decision-making and thus offer a fundamental key to understanding economic behavior. Given the centrality of economics to society, the historical study of economic expectations is a highly relevant endeavor, for which this volume provides an accessible starting point. Featuring 33 chapters written by leading scholars from fields ranging from anthropology to political science, this handbook provides a uniquely interdisciplinary perspective. Together, the collection of essays argues that the development of economic theory and empirical research on expectation formation has not taken place in a vacuum. Rather, it must be understood as one strand in a complex entanglement of knowledge production, experiences, and economic and political decision-making, which interacted with, challenged, and transformed each other.

With its broad scope, this handbook will be of interest to students and scholars across multiple disciplines, including economic history, economics, sociology, anthropology, psychology, and political science.

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part 1|191 pages

Approaches and Debates

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chapter 7|19 pages

Subjective Inflation Expectations of Households

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How They Are Formed and their Role in Economic Choices
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chapter 8|18 pages

Contingent Expectations

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chapter 11|15 pages

Economic Expectations and an AI Agent

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part 2|125 pages

Practices and Determinants of Expectation Management and Coordination

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chapter 13|19 pages

Narratives and the Media

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chapter 14|12 pages

Civil Jurisdiction and Regulation

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chapter 15|21 pages

Beyond Expectations

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Consultants as the Modern-Day Oracle
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chapter 16|14 pages

Economic Forecasting

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chapter 18|15 pages

Public Numbers

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The Politics of Quantification and Relational Expectations
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part 3|142 pages

Expectation Formation across Time and Space

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chapter 21|23 pages

Uncertainty and Innovation

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New Perspectives from Nineteenth-Century Patenting Behavior
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chapter 26|20 pages

African Entrepreneurs and the Economic Expectation Question

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A Transhistorical Survey
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part 4|135 pages

Expectation Formation in Times of Crisis

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chapter 27|17 pages

An Unexpected Crisis of Expectations

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chapter 29|23 pages

Monetary Shocks

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Business Expectations at the Beginning and End of Two Gold-Based Currency Regimes
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chapter 30|19 pages

Sovereign Expectations

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Theory and History in the Financial Shocks and Crises of the 1970s and 1980s
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