Thursday, June 9, 2016

Cameron K. Murray — Time to revisit how we calculate expectations?


Is rational expectations theory irrational?

Fresh economic thinking
Time to revisit how we calculate expectations?
Cameron K. Murray

Also

Lars P. Syll’s Blog
Flimflam Chicago economics
Lars P. Syll | Professor, Malmo University

5 comments:

Ralph Musgrave said...

This is my favourite one minute lecture on economics: it's about rational expectations, expansionary austerity, and similar nonsense:

https://www.youtube.com/watch?v=ijsXA1RbYco&feature=youtu.be

MRW said...

Fucking brilliant, Ralph. Thanks.

Bob said...

Mark Blyth. A name to remember :)

Ignacio said...

The whole video (~1h) is worth watching, haven't seen a better recap of liberalism and the current mess ever tbh.

Very good speech.

Ryan Harris said...

Remember last years article on the dearth of article retraction in economics?
So I went over to retraction watch to see which economists have been held up to scrutiny and have been put on the wall of shame. A review this year improves upon last year, but still has me suspicious.

One poli-sci article that I remember from MNE was retracted for getting their statistics wrong and conclusions backward.