Rational Expectations

To be taken seriously, any column on economics must have an 'economic' name, so Rational Expectations was a natural choice when the column began in the mid-90s, considering that Caveat Emptor (another 'economic' name!) sounded jaded and Jainonomics didn't have quite the ring that Swaminomics did. The column, however, wasn't so much about the working of Rational Expectations (I still have nightmares about the reams of equations!) as it was about the assumptions behind the theory, that people had perfect knowledge, and that is what it hoped to help provide to readers in a variety of areas. Apart from many years of rational and irrational expectations, the website has editorials, chapters in books, even books themselves. Enjoy the read!


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