SARGENT, Thomas J.
Rational Expectations and Inflations.
New York: Harper & Row, Publishers , 1986.
$475.00
Out of Stock
Item Number: RRB-112448
+$450
First Edition of Thomas J. Sargent's Rational Expectations and Inflation; Inscribed by Him
Advanced review copy of the Nobel Prize-winning economist's classic work. Octavo, original wrappers as issued. Presentation copy, inscribed by the author on the half-title page, "For John Thomas J. Sargent." In near fine condition.
Rational Expectations and Inflation by Thomas J. Sargent is a foundational work in macroeconomic theory that explores how the expectations of economic agents influence inflation and the effectiveness of monetary policy. Drawing on the rational expectations hypothesis, Sargent argues that systematic monetary policies cannot consistently manipulate real economic variables, as individuals adjust their behavior in anticipation of policy changes. The book challenges Keynesian assumptions by emphasizing the role of credible, rules-based policy in achieving price stability. Sargent’s analysis had significant implications for central banking and contributed to the broader shift toward monetarist and new classical approaches in the late 20th century.
Rational Expectations and Inflations.
$475.00
Out of Stock
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