The Evolving Rationality of Rational Expectations
An Assessment of Thomas Sargent's Achievements
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Evolving Rationality of Rational Expectations by Esther-Mirjam Sent
Book DescriptionInspired by recent developments in science studies, this book offers an innovative type of analysis of the recent history of rational expectations economics. In the course of exploring the multiple dimensions of rational expectations analysis, Professor Sent focuses on the work of Thomas Sargent, an instrumental pioneer in the development of this school of thought. The investigation attempts to avoid a Whiggish history that sees Sargent's development as inevitably progressing to better and better economic analysis. Instead, it provides an illustration of what happened to the approach through a contextualization of Sargent's work vis-a-vis that of other scholars and ideas. The treatment aims to illuminate some of the shifting negotiations and alliances that characterize the rise and shift of direction in rational expectations economics. The Evolving Rationality of Rational Expectations won the 1998 Gunnar Myrdal Prize of the European Association for Evolutionary Political Economy for the best monograph on a theme broadly in accord with the EAEPE Theoretical Perspectives.
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Book DetailsISBN: 9780521027717
(228mm x 152mm x 15mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 2-Nov-2006
Country of Publication: United Kingdom
Books By Author Esther-Mirjam Sent
Science Bought and Sold, Paperback (March 2002)
Although it has long been accepted that economics can provide tools with which to understand science, economics has shifted its focus to the economic agent as information processor. This collection of essays presents an overview of this area.
Evolving Rationality of Rational Expectations, Hardback (August 1998)» View all books by Esther-Mirjam Sent
This book analyses the historical evolution of rational expectations by focusing on the changing ideas of Thomas Sargent.
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