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.
Related books and articles
Rethinking Expectations: The Way Forward for Macroeconomics By Roman Frydman; Edmund S. Phelps Princeton University Press, 2013
Macroeconomics Theory and Economic Policy: Essays in Honour of Jean-Paul Fitoussi By K. Vela Velupillai Routledge, 2004
J.E. King. the Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics By Mongiovi, Gary History of Economics Review, No. 60, Summer 2014
Peer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
Testing Rational Expectations Hypothesis in the Manufacturing Sector in Malaysia By Puah, Chin-Hong Wong, Shirly Siew-Ling Liew, Venus Khim-Sen Journal of Business Economics and Management, Vol. 14, No. 2, April 2013
Keynes and the General Theory after 75 Years By O'Donnell, Rod History of Economics Review, No. 54, Summer 2011PEER-REVIEWED PERIODICALPeer-reviewed publications on Questia are publications containing articles which were subject to evaluation for accuracy and substance by professional peers of the article's author(s).
Remembering the Man Behind Rational Expectations: John Muth (1930-2005) By Brannon, Ike Regulation, Vol. 29, No. 1, Spring 2006
Dealing with Politics in the Applied Macroeconomics Classroom By Carey, Catherine Teaching Business & Economics, Vol. 17, No. 2, Summer 2013
Macroeconomics Key Tool in Analyzing Portfolio Risk By Ward, Forrest L. Neubig, Tom S. American Banker, Vol. 162, April 8, 1997
The Common Man Has Economic Clout By David Francis, writer of The Christian Science Monitor The Christian Science Monitor, October 13, 1995
European Economic & Monetary Union: ECB May Have to Act to Avoid Asian Epidemic; Will Euroland Catch Asian Flu, Asks John Hawksworth, Head of the Macroeconomics Unit at PricewaterhouseCoopers By Hawksworth, John The Birmingham Post (England), October 20, 1998
Risk Is on the Rise as the US Slows Down; the Latest Merseyside and North Wales Business Prospect, Published by the Liverpool Research Group in Macroeconomics, Is out This Week. Editors Patrick Minford and Peter Stoney Review the Outlook for the National and Local Economy IN ASSOCIATION WITH Rensburg Sheppards By Daily Post (Liverpool, England), July 2, 2008