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illustrate a screw-shaped expectations-driven process. Eino Haikala has analyzed Ezekiel's work among others, and clarified that time constitutes the axis of the screw-shape. Thus Martin and Schumann point out that the cobweb theorem works to worsen standards of living as well. The idea of expectations-variation and thus modeled and induced expectations is shown clearly in Oskar Morgenstern's Vollkommene Voraussicht und Wirtschaftliches Gleichgewicht. This article shows also that the concept of perfect

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