OK. We are going to get deep into the history-of-thought, the intellectual-autobiographical, and the methodology-of-economics weeds here, so perhaps this should be called not “Wednesday Focus” but rather “Wednesday Unfocus”. Go and talk among yourselves rather than reading this if you wish… I find that Simon Wren-Lewis wants to stick his head in the lion’s … Continue reading The Utility and Disutility of Rational Expectations: Wednesday Focus