FROM ISSUE SPECIAL ISSUE, 1980 GO TO TABLE OF CONTENTS
"Rational Expectations" as a Counterrevolution
If there is a crisis in economic theory, it is a crisis in Keynesian,economic theory. Most economists, even the Keynesians, seem to agree that there are at least some defects in this theory, although they may disagree passionately about what those defects are and how they should be remedied.
To download a PDF of the full article, please click here.
