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Preston J. Miller

Titles by This Editor

Readings from the Front Line

These twenty-one collected readings describe the origins and growth of the revolutionary approach to macroeconomic analysis known as rational expectations. The readings trace the development of this approach from the late 1970s, when it was viewed by many as radical, to the present, when it has attained a central position in macroeconomic theory and policymaking.In the 1970s the rational expectations school challenged the traditonal Keynesian view of the world.