.... Brannon, Ike. 1999 . John Muth, Rational Expectations,and the Nobel Prize. The Ryder Magazine , 18 February. Cagan, Phillip. 1956 . The Monetary Dynamics of Hyperinflation. In Studies in the Quantity Theory of Money , edited by Milton Friedman. Chicago: University of Chicago Press. Friedman...

...Bennett T. McCallum This brief article corrects or refines a few details about the work and career of John F. Muth and his involvement in the creation of rational expectations. References Blaug Mark . 1986 . Who's Who in Economics . 2nd ed. Cambridge, Mass. : MIT Press...

... . Letter to authors , 27 November. Muth, J. 1959a . Rational Expectations and the Theory of Price Movements. Paper presented at the meeting of the Econometric Society, 30 December . ____. 1959b . Rational Expectations and the Theory of Price Movements . Carnegie Institute of Technology and ONR...

...Marcel Boumans The rational expectations revolution was not based only on the introduction of Muth’s idea of rational expectations to macroeconomics; this introduction alone cannot explain the more drastic changes to the mathematical toolbox, concepts, and research strategies since the 1980s...

... Muth’s rational expectations theory. Correspondence may be addressed to Antonella Rancan, University of Molise, Department of Economics and Social Sciences, via F. de Sanctis, 86100 Campobasso, Italy; e-mail: [email protected] . This article benefited from research at Duke University...

... Expectations and the Phillips Curve.” American Economic Review 59 ( 3 ): 342 – 50 . Muth J. F. 1961 . “Rational Expectations and the Theory of Price Movements.” Econometrica 29 ( 3 ): 315 – 35 . Phelps E. S. 1967 . “Phillips Curves, Expectations of Inflation, and Optimal...

..., for example, put forth a concept of “implicit expectations” more or less at the same time John Muth put forward his concept of “rational expectations,” but Muth gets all the attention (chap- ters 4–5). And A. W .H. Phillips apparently anticipated the famous Lucas critique, worrying about whether...

.... Laurence, Jr. 1962 . On the “Chicago School of Economics.” Journal of Political Economy 70.1 : 64 -69. Muth, Richard. 2002 . Interview with Ross B. Emmett. Chicago Economics Oral History Project . Atlanta, January . Odendahl, Teresa, and Aileen M. Shaw. 2002 . Interviewing Elites...

..., it was J. F. Muth (1960) who first explicitly and extensively exploited the tools of linear optimal prediction for modeling random dynamical systems. Muth had studied at the Graduate School of Industrial Administration at Camegie-Mellon University. This program was designed mainly to provide...

... . ‘The effectiveness of fiscal feedback rules and automatic stabilizers under rational expectations.’ Journal of Monetary Economics 5 ( April ): 171 -87. McClelland , David 1973 . Karl Marx . New York. Modigliani , Franco 1982 . Interview. In Klamer 1983 . Muth , John F. 1961...

... Expectations Data. Journal of Political Economy 86.2 : 329 -36. Muth, John F. 1961 . Rational Expectations and the Theory of Price Movements. Econometrica 29.3 : 315 -35. Pearce, Douglas K. 1979 . Comparing Survey and Rational Measures of Expected Inflation. Journal of Money, Credit, and Banking...

... of the decline of the influence of economics,and despite some alarming slips that tend to undermine con- fidence in his command of important details of his story (one example: he tells us [p. 279,n. 31] that the rational expectations hypothesis “first systematically emerged in R.F. Muth,‘The Demand for Non-Farm...

... .” Quarterly Journal of Economics 76 , no. 1 : 20 – 45 . Holt Charles C. Modigliani Franco Muth John F. Simon Herbert A. . 1960 . Planning Production, Inventories, and Work Force . Englewood Cliffs, NJ : Prentice-Hall . Holt Charles C. Simon...

.... Muth, and H. Simon. 1958 . Mathematics for Production Scheduling. Harvard Business Review 36.2 : 51 -58. Arndt, S. W. 1973 . Policy Choices in an Open Economy: Some Dynamic Considerations. Journal of Political Economy 81.4 : 916 -35. Arrow, K. J. 1951 . Social Choice and Individual...

... alarming slips that tend to undermine con- fidence in his command of important details of his story (one example: he tells us [p. 279,n. 31] that the rational expectations hypothesis “first systematically emerged in R.F. Muth,‘The Demand for Non-Farm Housing’ . . . (1960wrong article,and wrong Muth too...

...: Also, although Edgeworth uses the term “indifference cukes ” (in plural form in this Appendix), the term is meant to apply to the in- difference curve of each of two individuals: nowhere in Muthe- matical Psychics does one find an indifference mapping consisting of more than one curve per...

... on “quantity equations: early history” which supplies a sketch of this particular as- pect for the two centuries preceding Fisher. Even with a concept with a much shorter history in economics like “rational expectations” the author (Thomas J. Sargent) begins with Muth’s classic articles of 1960...

... . Cambridge : Cambridge University Press . Muth John F. 1961 . “ Rational Expectations and the Theory of Price Movements .” Econometrica 29 ( 3 ): 315 – 35 . Prescott Edward C. 1986 . “ Theory Ahead of Business Cycle Measurement .” Federal Reserve Bank of Minneapolis Quarterly...

... several decades for substantial developments in the theory of stochastic processes and time series econometrics. In fact, a learning approach to expectations (beyond the simple concept of adaptive expectations) goes substantially beyond John Muth’s (1961) concept of rational expectations (see, e.g...

... Press. Muth , John F. 1961 . Rational expectations and the theory of price movements. Econometrica 29 ( July ): 315 -35. The new Palgrave: a dictionary of economics . 1987 . Edited by John Eatwell, Murray Milgate, and Peter Newman. London: Macmillan. Patinkin , Don . 1982...