Wednesday, July 18, 2012

Lars responds to Simon


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

1 comment:

Anonymous said...

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!!