This guy has some issues with Rational Expectations

I just happened across this interesting panel discussion from a couple years ago featuring a number of economists involved with the Rationa...

Beating the dead horse of rational expectations...

The above award should be given to University of Oxford economist Simon Wren-Lewis for concocting yet another defense of the indefensible i...

Blind on purpose: equilibrium as a conceptual filter in economics

A couple of years ago, I came across this article  written in The Huffington Post by economist and game theorist David Levine. It carried th...

How to misunderstand crises... with Rational Expectations

** UPDATE BELOW ** I've just about finished Gary Gorton's excellent book Misunderstanding Financial Crises . I think it's the mo...

What you can learn from DSGE

                                       *** UPDATE BELOW *** Anyone who has read much of this blog would expect my answer to the above questi...

Edmund Phelps trashes rational expectations

I'm not generally one to enjoy reading interviews with macroeconomists, but this one is an exception. Published yesterday in Bloomberg,...