Thomas J. Sargent is Donald Lucas Professor of Economics, Stanford University, and Senior Fellow at the Hoover Institution at Stanford. He is the author of many articles and books on macroeconomic theory, most recentlyBounded Rationality in Macroeconomics.
This book illustrates Sargent's great curiosity and honesty... [Here] the reader gets a lucid, penetrating inquiry into the ifs and buts of rational expectations (RE) and their implications for policy. -- Peter Sinclair The Times Higher Education Supplement A lucid, penetrating inquiry into the 'ifs and buts' of rational expectations and their implications for policy... This book illustrates Sargent's great curiosity and honesty ... A beautifully crafted, deep, and ... very accessible work... It deserves to be one of the century's most influential books on macroeconomics. -- Peter Sinclair Times Literary Supplement A path-breaking contribution. It shows new ways to analyze dynamic economics. It is a basic reference to understand--and develop--dynamic macroeconomic theory in the 21st century. -- Ramon Marimon Journal of Economic Literature