Thomas Sargent on government default

posted by
December 21, 2011
by David Henderson  
Posted in Commentary

"Tom Sargent's Nobel prize lecture is quite clear and informative. True to form, Sargent shows some equations at first. This reflects his view that the way to be a 'real economist' is to use equations. Yet he does pretty well with words and one can understand virtually everything he says without even looking at the equations. Indeed, as Sargent tells his narrative, he scarcely refers to the equations." (12/20/11)  

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