What is rational expectations theory?

Apr 26, 2022 ... Mainstream economics has not factored climate change into its growth calculus. Part of the reason is the fear that strong climate action will sap short-term ... Mainstream economic theory is based on the rationality assumption: that people act as best they can to promote their interests. In contrast, behavioural ... Found an error or omission? Volunteers. Opportunities to help RePEc · Get papers listed. Have your research listed on RePEc · Open a RePEc archive. Have your ... Oct 22, 2024 ... Although the current mainstream (neoclassical economics included) is clearly diverse, commonality in it is more controversial. Heterodox ... The attempt to isolate economics from other disciplines - notably politics, history, philosophy, finance, constitutional theory and sociology - has fatally ... Apr 7, 2025 ... Emma Holten is a Danish feminist commentator whose book, Deficit: how feminist economics can change our world, became a best seller in her home ... Mainstream economists began to have a bad conscience about their traditional methodology, which some saw as insufficiently empiricist. For example, Weintraub (1993) wrote over two decades ago that “what is mainstream economics today is neoclassical economics”. However, he defined this ... Aug 9, 2017 ... They stood idly by as jobs went overseas, demand was sapped by increasingly uneven distributions of income, competition was destroyed by lax ... Apr 2, 2019 ... “In a Malthusian economy where intensive growth is not possible, strong property rights simply reinforce the existing distribution of resources.