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Rational Expectations

What Can We Really Know About The Future Of Stock Prices?

Lynn Parramore | Posted 11.19.2015 | Business
Lynn Parramore

Talking to Frydman is a bit like entering a fascinating meditation on the limits of knowledge and the nature of truth. Having lived through the failure of centralized planning in communist Poland, he is particularly sensitive to the hubris of believing that the future can be exactly mapped.

Applications For Unemployment Benefits Rise

Posted 09.20.2011 | Business

WASHINGTON (Lucia Mutikani) - New claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, pointing...

Economic Crisis Compels Economists To Reach For New Paradigm

Wall Street Journal | MARK WHITEHOUSE | Posted 05.25.2011 | Business

The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Gean...

The Evolution of Economics

Dennis Whittle | Posted 05.25.2011 | Business
Dennis Whittle

Behavioral economics has been successful at exposing the fallacies of rational expectations, but it has not succeeded in creating a new framework.