Bounded Rationality in Macroeconomics: The Arne Ryde Memorial Lectures

Paperback | October 1, 1993

byThomas J. Sargent

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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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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 po...

Thomas J. Sargent is at Hoover Institution, Stanford, California.

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Format:PaperbackDimensions:200 pages, 8.5 × 5.43 × 0.59 inPublished:October 1, 1993Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198288697

ISBN - 13:9780198288695

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`The presentation is lucid and concise. Most macroeconomist readers will find the chapter on neural networks, genetic algorithms, and artificial intelligence particularly instructive ... Those willing to join the search will find no better technical introduction than Sargent's book.'Journal of Economic Literature