Rational Expectations, Non-market Clearing and Investment Theory - Softcover

This book examines investment theory in the light of rational expectations and disequilibrium theory, the two major developments in recent macroeconomics. It employs a neoclassical framework to offer a remedy for the two major shortcomings of modern investment theory: namely the almost exclusive focus of attention by modern economists on the demand side of the investment process, and the lack of any coherent general framework capable of handling the study of investment when it is recognized that the markets in which firms operate. The book is intended for academics, and both graduate and undergraduate students interested in investment theory.