Summary:
It didn't studies to know this hypothesis is wrong, but here it is. A problem with appealing to "rationality" is that it opens a backdoor to sneaking in ideological assumptions.Lars P. Syll’s BlogMilton Friedman’s permanent income hypothesis — so wrong, so wrongLars P. Syll | Professor, Malmo University
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Mike Norman considers the following as important: Permanent Income Hypothesis
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It didn't studies to know this hypothesis is wrong, but here it is. A problem with appealing to "rationality" is that it opens a backdoor to sneaking in ideological assumptions.Lars P. Syll’s BlogMilton Friedman’s permanent income hypothesis — so wrong, so wrongLars P. Syll | Professor, Malmo University
Topics:
Mike Norman considers the following as important: Permanent Income Hypothesis
This could be interesting, too:
Mike Norman writes Lars P. Syll — The Permanent Income Hypothesis
A problem with appealing to "rationality" is that it opens a backdoor to sneaking in ideological assumptions.
Lars P. Syll’s Blog
Milton Friedman’s permanent income hypothesis — so wrong, so wrong
Lars P. Syll | Professor, Malmo University