"economic outcomes; depend on expectations” & “system stability is a factor of different expectations concerning future price changes”
Original formulation of adaptive expectations spelled out by Bill Phillips for Milton Friedman.
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RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…