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What is the rational expectations theory? Definition and meaning

What is the rational expectations theory? Definition and meaning
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Robert Lucas Jr., U. of C. economist who won Nobel Prize, dies at 85

Robert Lucas Jr., U. of C. economist who won Nobel Prize, dies at 85
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A pioneer of modern economics who popularised 'rational expectations'

A pioneer of modern economics who popularised 'rational expectations'
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Robert E. Lucas Jr., Nobel laureate, economist, dies at 85

Robert E. Lucas Jr., a contrarian Nobel laureate in economics who undergirded conservative arguments that government intervention in fiscal policy is often self-defeating, died Monday in Chicago. He was 85. ....

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Robert E. Lucas Jr., Nobel-Winning Conservative Economist, Dies at 85

Challenging the theories of John Maynard Keynes, he questioned the idea that government intervention could help steer the economy. ....

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