Arrow's paradox Methodological Foundations of Macroeconomics: Keynes and Lucas

http://books.google.com/books?id=pUKxZLr6b8YC&pg=PA22&lpg=PA22&dq=Arrow+Paradox+market+expectations&source=bl&ots=lFE1_YLYby&sig=BJO_FFf8fXa58Ltos9iSbb4o40Y&hl=en&sa=X&ei=Tk2NUv3TJMS7igKKyYHgDg&ved=0CFQQ6AEwBA#v=onepage&q=Arrow%20Paradox%20market%20expectations&f=false

Methodological Foundations of Macroeconomics: Keynes and Lucas

books.google.com/books?isbn=0521392942

Alessandro Vercelli - 1991 - ‎Business & Economics

we could not understand how prices would be made to reflect market fundamentals. This second paradox may be seen as an implication of Arrow's paradox. ... If the rational-expectations hypothesis implies that agents perfectly forecast the ...