Category Archives: Rational Expectations
Frydman & Goldberg on Robert Lucas & F. A. Hayek
From Roman Frydman and Michael Goldberg’s new book Beyond Rational Markets: Asset Price Swings, Risk, and the Role of the State: The problem that haunts the Rational Expectations Hypothesis is the same one that doomed socialist planning: no fully predetermined … Continue reading
Posted in 1945, Frydman, Knowledge Problem, Limits to Knowledge, Lucas, Macroeconomics, Rational Expectations
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BLOG POST OF THE YEAR
Arnold Kling explains the “rational expectations” revolution in macroeconomic science.
Posted in Rational Expectations
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