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Details for article 85 of 126 found articles
| Title: |
Risk and business cycles: Reply to Rosser |
| Author: |
Cowen, Tyler |
| Appeared in: |
Critical review |
| Paging: | Volume 14 (2000) nr. 1 pages 89-94 |
| Year: |
2000 |
| Contents: |
Rosser's thoughtful and careful review of my book on business cycles reflects a different methodological stance than my own. I believe that economic theory and macroeconomics cannot escape using the concept of risk, even though, as Rosser points out, risk is not a simple unidimensional magnitude in many circumstances. I view the rational expectations assumption as a useful way of presenting a theory, rather than as a descriptive account of real-world expectations. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 85 of 126 found articles
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