2min chapter

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Markets And The Madness Of Crowds - Robert Shiller

The Joe Walker Podcast

CHAPTER

Rational Expectations and the Terminology of Interest Rates

You went to MIT for graduate school. Do you remember what the prevailing atmosphere was like? What were some of the big debates or emerging ideas in economics back then? For me, I think it was rational expectations. The idea of researching the world as if everybody were completely rational. That was an emerging theme at that time.

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