Bounded Rationality in Macroeconomics: Thomas J. Sargent

Bounded Rationality in Macroeconomics: Thomas J. Sargent

Bounded Rationality in Macroeconomics: Thomas J. Sargent

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.
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