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The process review in which course of expectation have gradually taken such important placeIn economic analysis, followed, possibly to begin with I.Fisher's work Appreciation and Interest (1896).] Also can become still that deep Stimulating effect of works of Frenka Knight leaves far beyond this Special area.
So, almost at once it has found out that assumptions which should be done in
The prediction relation, have fundamental significance for the decision of puzzles
It became even more obvious that at studying of more "dynamic" questions Monetary circulation and industrial fluctuations to preconditions rather Prediction and "expectations" the central role and that also belongs, in
Particulars, the concepts transferred to these spheres from purely equilibrium analysis,
As, for example, equilibrium norm of percent, it is possible to define strictly only in
Terms of the assumptions, concerning prediction. Apparently, in this case business
Is so that before we can explain why people are mistaken, we Should explain at first why they in general can be right.
In general we, apparently, have approached to item where all have realised that concept
Balance it is possible to make clear and defined only in terms of assumptions,
Relating to a prediction though we can remain yet agreeable in Volume, what these major assumptions. I will address to this question A bit later. While I only will try to show that at the present
State of affairs, whether we wish to define borders of an economic statics or to leave
For its limits, to us not to pass a controversial problem, which place should
To take in our reasonings of the precondition, concerning a prediction. Whether can
It to be simple contingency?
As I already spoke, the reason of it, in my opinion, is covered that we have Here business with private aspect of much wider problem, to which
Followed address much earlier. The questions as a matter of fact similar with already
Mentioned, actually arise every time as soon as we try to apply
To the company consisting of some number of independent persons, system of tautologies
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