Mention959136
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| so:text | Early critics pointed out REH’s fundamental epistemological flaws. … They argued that REH, even if viewed as a bold abstraction or approximation, is grossly inadequate for representing how even minimally reasonable profit seeking participants forecast the future in real-world markets. Nevertheless, … an overwhelming majority of economists has embraced REH as the way to represent how rational individuals think about the future. (en) |
| so:isPartOf | https://en.wikiquote.org/wiki/Roman_Frydman |
| so:description | Which Way Forward for Macroeconomics and Policy Analysis?" 2013 (en) |
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