John Muth

American economist John MuthBorn(1930-09-27)September 27, 1930DiedOctober 23, 2005(2005-10-23) (aged 75)Key West, FloridaAcademic backgroundAlma materCarnegie Mellon UniversityDoctoral advisorHerbert A. SimonAcademic workDisciplineMathematical economicsSchool or traditionCarnegie SchoolInstitutionsCarnegie Mellon University, Michigan State University, Indiana University AwardsAlexander Henderson Award (1954) WebsiteInformation at IDEAS / RePEc John Fraser Muth (/mjuːθ/; September 27, 1930 – October 23, 2005) was an American economist. He is "the father of the rational expectations revolution in economics", primarily due to his article "Rational Expectations and the Theory of Price Movements" from 1961. Muth earned his PhD 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. He was a full professor at Michigan State University from 1964 to 1969 and a full professor at Indiana University from 1969 until his retirem