Tag Archives: representative agent models

Includes Stiglitz quote, "there is no invisible hand."Lars P. Syll’s BlogRational expectations — the triumph of ideology over science Lars P. Syll | Professor, Malmo University

Just why is anyone still going to these people for policy advice, let alone putting some of them in charge of setting policy? The power of elite discourse to persuade is dangerous when an elite controls the frame and there is no accountability for results. Lars P. Syll’s Blog Stiglitz and the full force of Sonnenschein-Mantel-Debreu Lars P. Syll | Professor, Malmo University