John Fraser Muth (/ mjuːθ /; September 27, 1930 – October 23, 2005) was an American economist. He is "the father of the rational expectations revolution in economics", primarily due …

Muth thought that we should not only have rational expectations, but if we’re go-ing to have rational behavioral equations, then consistency requires that our model include rational …

The theory of rational expectations was first proposed by John F. Muth of Indiana University in the early 1960s. He used the term to describe the many economic situations in which the outcome …

Jan 23, 2012 · In the early 1970s, inspired by the groundbreaking work of Robert Lucas, Sargent and colleagues at the University of Minnesota rebuilt macroeconomic theory from its basic …

Jun 5, 2012 · Summary Two divergent schools of thought originated at Carnegie-Mellon University in the late fifties and early sixties. During this period Herbert A. Simon had been refining his …

In 1973, Thomas J Sargent published the article “Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment”, which was an important contribution to the …

The Carnegie School is a school of economic thought originally formed at the Graduate School of Industrial Administration (GSIA), the current Tepper School of Business, of Carnegie Institute of …