Maddock, RodneyCarter, MichaelAustralian National University. Centre for Economic Policy Research2025-07-232025-07-239498382090725-430Xhttps://hdl.handle.net/1885/733766978Rational expectations has aroused a great deal of interest, controversy and confusion in the economics profession. This paper is our attempt to illuminate in a simple and lucid way the major issues, results, conclusions and criticisms. It is aimed at a general audience.28 p. ; 21 cm.en-AUAuthor/s retain copyright1981-01