The Evolving Rationality of Rational Expectations by Esther-M... - 9780521571647

The Evolving Rationality of Rational ExpectationsAn Assessment of Thomas Sargent's Achievements\nAuthor(s): Esther-Mirjam Sent\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521571647, 978-0521571647\nSynopsis\nInspired 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--vis that of other scholars and ideas. The treatment aims to illumina.