Bounded Rationality in Macroeconomics: The Arne Ryde Memorial Lectures by Thomas J. Sargent (David Rockefeller Professor of Economics, University of Chicago; and Senior Fellow, David Rockefeller Professor of Economics, University of Chicago; and Senior Fellow, Hoover Institution, Stanford, California)
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 applied in a range of models. It points to further potential positive developments of the theory as well as some of its limitations.