Heterodox
Milton Friedman's PIH disconfirmed.Lars P. Syll’s BlogThe Permanent Income Hypothesis Lars P. Syll | Professor, Malmo UniversitySee alsoOn randomness and probability in economics
Read More »Lars P. Syll — Milton Friedman’s permanent income hypothesis — so wrong, so wrong
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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