Bounded Rationality in Macroeconomics: Thomas J. Sargent

Synopsis

This is a survey of bounded rationality, an area of theoretical macroeconomics which is receiving increased attention. The book is written by a leading macroeconomist who outlines the issues involved, describes some of the analytic tools that are being used, and shows how they can be appliedin a range of models. It points to further potential positive developments of the theory as well as some of its limitations.

Additional information

Contributors:
Publisher: Place of publication:
  • Oxford
Publication year:
  • 1993