With a post-crisis quote of Robert Lucas. :)
Read it at Lars P. Syll's Blog
Straight from the horse’s mouth on “rational expectations”
by Lars P. Syll | Professor, Malmo University
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1 comment:
So Simon Wren Lewis stubbornly defend
1)The IS/LM curve rejected by it´s own inventor John Hicks and 2)Rational Expectations, rejected by it´s own founder Robert Lucas!And this comes from a esteemed Oxford professor!!!!Lord have mercy on us!!
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