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In this paper I show that Austrian trade cycle theory is fully consistent with
rational expectations. I also compare and contrast rational expectations with an alternative
theory of rationality and ...
Rationality, behavior, institutional and economic change in Schumpeter
Rationality behavior institutional economic change Schumpeter
2014/6/24
In 1940 Schumpeter wrote a paper entitled: “The Meaning of Rationality in the Social Sciences” , which was intended to on e of the meetings of a seminar including Talcott Parsons, Wassilly Léontief,...