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Legacies of rational expectations, Lucas’s contributions, and philosophy of time and existence

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  • Hiroaki HAYAKAWA

Abstract

This article revisits the rational expectations revolution, focusing on Robert Lucas’s contributions and their philosophical implications regarding time, existence, and economic modeling.

Suggested Citation

  • Hiroaki HAYAKAWA, 2025. "Legacies of rational expectations, Lucas’s contributions, and philosophy of time and existence," Journal of Economics Bibliography, EconSciences Journals, vol. 12(1), pages 21-70, March.
    • Handle: RePEc:cvv:journ6:v:12:y:2025:i:1:p:21-70
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    References listed on IDEAS

    as
    1. Sargent, Thomas J., 1996. "Expectations and the nonneutrality of Lucas," Journal of Monetary Economics, Elsevier, vol. 37(3), pages 535-548, June.
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    More about this item

    Keywords

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    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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