Welcome!

Thank you for visiting the website of the Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour" (Schwerpunktprogramm 1859 "Erfahrung und Erwartung. Historische Grundlagen ökonomischen Handelns").

Funded by the German Research Foundation (Deutsche Forschungsgemeinschaft), the projects of the Priority Programme "Experience and Expectation" study the historical dimension of economic expectations. On these pages, you will find information about our research, people, and activities. Read a summary of the programme, find out more about our research from the projects overview and the Working Paper Series, or learn more about our joint activities in the Conferences and Workshops sections. In a nutshell:

Research topic:
Economic expectations are the keystone of economic behaviour, but their historical dimension has not been researched in depth so far. The programme studies experience and expectation as interrelated cognitive processes pointing to the past and the future which enable economic actors to realise their decisions in the present. Three topics are of especial interest: the direct impact of historical events and actors' experience on the formation of expectations; changes in the manner in which expectations are formed through history; and the role of shocks, crises, and structural ruptures for economic expectations. Economic theory and historical methodology are combined systematically in the study of historical evidence, and complemented by sociology and legal history.

Funding period:
2015-2022 (first period 2016-2019, second period 2019-2022)

Programme Coordinators:
Prof. Dr. Alexander Nützenadel and Prof. Dr. Jochen Streb

Coordinators' assistant:
Dr. Mark Jakob

DFG GEPRIS entry:
http://gepris.dfg.de/gepris/projekt/255716236

Contact person at the DFG:
Dr. Christiane Joerk