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F. Muth and the emergence of the concept of rational expectations
[John F. Muth et l’émergence de la notion d’anticipations rationnelles]

Author

Listed:
  • Alain Béraud

    (UCP - Université de Cergy Pontoise - Université Paris-Seine)

Abstract

In this article, we wonder at first to what extent the personality of Muth can explain his analysis of the question of the expectations. Then, to highlight the specificity of his approach, we compare it to that of the other economists who, before or at the same time as he, used the expression "rational expectations". Finally, we study the spread of his theory and the critical look that he took on his contribution at the end of his life.

Suggested Citation

  • Alain Béraud, 2018. "F. Muth and the emergence of the concept of rational expectations [John F. Muth et l’émergence de la notion d’anticipations rationnelles]," Post-Print hal-01821222, HAL.
    • Handle: RePEc:hal:journl:hal-01821222
    DOI: 10.15122/isbn.978-2-406-08068-8.p.0025
    as

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