Expectations: Theory and Application from Historical Perspectives.

Consequently - and somehow naturally, given pre-existing literature - most chapters address expectations in macroeconomics, from John Maynard Keynes to Milton Friedman. Boianovsky describes how, in 1936, a few months after the publication of the I General Theory, i Champernowne attempted to provide a theoretical synthesis between Keynes's and Pigou's depiction of the labor supply. Maria Cristina Marcuzzo (Chapter 3) and Mauro Boianovsky (Chapter 4) both focused on expectations within the interwar Cambridge (UK) approach. [Extracted from the article]