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The Conquest of American Inflation., by Thomas J. Sargent
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Review
"Thomas J. Sargent, Winner of the 2011 Nobel Prize in Economics""This book illustrates Sargent's great curiosity and honesty. . . . [Here] the reader gets a lucid, penetrating inquiry into the "ifs and buts" of rational expectations (RE) and their implications for policy."---Peter Sinclair, The Times Higher Education Supplement"A lucid, penetrating inquiry into the 'ifs and buts' of rational expectations and their implications for policy. . . . This book illustrates Sargent's great curiosity and honesty . . . A beautifully crafted, deep, and . . . very accessible work. . . . It deserves to be one of the century's most influential books on macroeconomics."---Peter Sinclair, Times Literary Supplement"A path-breaking contribution. It shows new ways to analyze dynamic economics. It is a basic reference to understand--and develop--dynamic macroeconomic theory in the 21st century."---Ramon Marimon, Journal of Economic Literature"A brilliant technical treatise that includes both new results and original synthesis. . . . The Conquest of American Inflation may help to fashion a new paradigm in macroeconomic analysis."―Ben Bernanke, Princeton University"A very deep and very subtle piece of scholarship.... Sargent is most impressive in his ability to bring theoretical arguments to bear on the problem of distinguishing empirically between the two histories of postwar inflation."―Thomas F. Cooley, University of Rochester"The Conquest of American Inflation is a fascinating document, marshalling sophisticated economic theory and econometrics to the task of explaining the past 50 years of U.S. monetary policy and its interaction with macroconomic activity. It will surely be widely cited and widely discussed."―Robert King, University of Virginia"A fascinating study of a real-world phenomenon that uses ideas from recent theoretical work on bounded rationality. Brilliant and pathbreaking."―David Kreps, Stanford University
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From the Inside Flap
"A brilliant technical treatise that includes both new results and original synthesis. . . . The Conquest of American Inflation may help to fashion a new paradigm in macroeconomic analysis."--Ben Bernanke, Princeton University"A very deep and very subtle piece of scholarship.... Sargent is most impressive in his ability to bring theoretical arguments to bear on the problem of distinguishing empirically between the two histories of postwar inflation."--Thomas F. Cooley, University of Rochester"The Conquest of American Inflation is a fascinating document, marshalling sophisticated economic theory and econometrics to the task of explaining the past 50 years of U.S. monetary policy and its interaction with macroconomic activity. It will surely be widely cited and widely discussed."--Robert King, University of Virginia"A fascinating study of a real-world phenomenon that uses ideas from recent theoretical work on bounded rationality. Brilliant and pathbreaking."--David Kreps, Stanford University
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Product details
Hardcover: 168 pages
Publisher: Princeton University Press (January 11, 1999)
Language: English
ISBN-10: 0691004145
ISBN-13: 978-0691004143
Product Dimensions:
6.8 x 1 x 9.8 inches
Shipping Weight: 14.4 ounces
Average Customer Review:
5.0 out of 5 stars
1 customer review
Amazon Best Sellers Rank:
#1,689,686 in Books (See Top 100 in Books)
The inflation situation is described and cured in this magnificent book. It shows mortals like myself, what causes inflation and how the whole economic society is linked together.
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