New classical school (Rational expectation theory) - Rational expectation theory on quantity theory of money - Rational version on quantity theory of money - Radicalist version on quantity theory of money - Radicalist version on quantity theory of money - Lucas version on quantity theory of money The term rational expectation is used in economics only since 1961 by John Muth (American economist) by publishing an article “ Rational expectation and price movement ”. So, he is also considered as the father of rational expectation revolution. But, the concept...
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