The randomness of rational expectations: a perspective on Sargent's early incentives

IF 0.6 3区经济学 Q4 ECONOMICS

European Journal of the History of Economic Thought Pub Date : 1999-09-01 DOI:10.1080/10427719900000075

E. Sent

引用次数: 6

Abstract

This paper searches for the story Thomas Sargent is likely to have told when he was trying to use rational expectations economics in the late-1960s and early 1970s. An argument will be made for his interest in achieving what he would regard as conceptual integrity of the determinism in neoclassical economic theory and the randomness in econometrics. This involves providing a narrative of how he came to the idea of rational expectations and what he had to relinquish to be able to put his initial interpretation of the concept to use.

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理性预期的随机性:萨金特早期激励的视角

本文寻找托马斯•萨金特(Thomas Sargent)在上世纪60年代末和70年代初试图运用理性预期经济学时可能讲过的故事。他对实现他所认为的新古典经济理论中的决定论和计量经济学中的随机性的概念完整性感兴趣。这包括叙述他是如何得到理性预期这个概念的，以及他必须放弃什么才能把他最初对这个概念的解释付诸实践。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Journal of the History of Economic Thought Multiple-

CiteScore

1.50

自引率

28.60%

发文量

期刊介绍： The European Journal of the History of Economic Thought (EJHET), a peer-reviewed journal, has quickly established itself as a leading forum for lively discussion on a wide range of issues in the history of economic thought. With contributions from both established international scholars and younger academics, EJHET is entirely pluralist and non-partisan with regard to subjects and methodologies - it does not subscribe to any particular current of thought, nor relate to any one geographic zone. The Managing Editors and Editorial Board and Advisory Board members are drawn from throughout Europe and beyond, and are committed to encouraging scholars from around the world to contribute to international research and debate.