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This important reference book provides a non-partisan introduction
to rational expectations, traces its evolution through three
decades, and puts a comprehensive annotated bibliography at the
reader's fingertips. In the lengthy introduction, Redman examines
in a non-technical way what it means to form expectations of
variables rationally, explores the concept's ambiguities, and
considers the numerous criticisms the concept has raised. She
discusses the evolution of the concept with an emphasis on its
association with new classical economics, reviews briefly the
empirical findings and obstacles to testing rational expectations
and puts the development into perspective within a broader scope of
economics in general. The second part provides the reader with an
annotated bibliography of over 470 significant books and articles
on rational expectations. A Reader's Guide to Rational Expectations
will be an essential reference guide for all economists who wish to
keep abreast of the most recent developments in economic theory.
This is a paper edition of a book published in 1991. The author explores issues in the philosophy of science that relate to the methodology of economics.
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