An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Pages
▼
Pages
▼
Thursday, February 28, 2013
Lars Syll — Phelps smacks down on Lucas’ rational expectations putsch
Adaptive expectations v. rational expectations.
As usual, It's the assumptions, stupid. Or better, the stupid assumptions.
No comments:
Post a Comment