"Herbert A. Simon... was rightly complaining about some, if not a lot, of the economic literature at the time that he …"

"Some of the new classical economists are extremely ideological. If you give them evidence, for example, that fully an…"

"Another big influence was Samuelson's Foundations, which I read when I stated here at Chicago. It's a "how-to-do-it" …"

"The hypothesis was more or less buried during the '60s. Arrow used it in his paper on learning-by-doing in the '60s. …"

"The only way I feel I understand something is if I can write it down in a model and make it work. I felt that from th…"

"Herbert A. Simon... used to give us a hard time. He likes to take on the devil's advocate role. In his Sciences of th…"

"I do not consider the term "Keynesian revolution" appropriate. [...] It seemed to be a more political event than a sc…"

"If you look back at the 1929 to 1933 episode, there were a lot of decisions made that, after the fact, people wished …"

"I think that Keynes was certainly a good example of a new paradigm. His work is possibly the best example of a case f…"

"Macro rational expectations, as I have labeled the hypothesis, seems to say that expectations in an economist's model…"