"New-classical economics has been undeniably influential, but not in the way that its three prominent creators originally imagined. Its most important contribution to macroeconomics, the assumption of rational expectations, was stolen almost immediately, and applied more fruitfully, by the new Keynesians."
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Academics from the United StatesHarvard University alumniUniversity of Oxford alumniEconomists from the United StatesBusiness theorists from the United States
Original Language: English
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Robert J. Gordon
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