Web Quotableonline.com Frasescelebres.org Greatbookscollection.org

John F. Muth (born 1930) is an American economist.
 He is known as "the father of the rational
expectations revolution in economics", primarily
due to his article "Rational Expectations and the
Theory of Price Movements" from 1961.

He earned his Ph.D. in mathematical economics from
Carnegie Mellon University, and was in 1954 the
first recipient of the Alexander Henderson Award.
He was affiliated with Carnegie Mellon as a
research associate from 1956 until 1959, as an
assistant professor from 1959 to 1962, and as an
associate professor without tenure from 1962 to
1964. 

Muth asserted that expectations "are essentially
the same as the predictions of the relevant
economic theory." Although he formulated the
rational expectations principle in the context of
microeconomics it has subsequently become
associated with macroeconomics and the work of
Robert Lucas, Jr., Finn E. Kydland, Edward C.
Prescott, Neil Wallace, Thomas J. Sargent, and
others.


==Major works==
*Charles C. Holt, Franco Modigliani, John F. Muth,
and Herbert A. Simon (1960). Planning Production,
Inventories, and Work Force.
*John F. Muth. (1960). "Optimal Properties of
Exponentially Weighted Forecasts", JASA
*John F. Muth. (1961). "Rational Expectations and
the Theory of Price Movements", Econometrica 29,
pp. 315-335.


==External link==
*http://muse.jhu.edu/journals/history_of_political
_economy/v034/34.2sent.pdf  Esther-Mirjam Sent
(2002) "The Tale of John Muth" History of
Political Economy.

de:John F. Muth