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Personal idiosyncrasies have intellectual and policy effects
Inappropriate deviations from stated path must be avoided, write Thomas Sargent and William Silber
These methods provided a misleading account of events
In a brilliant linguistic coup, Sargent applied the term ‘rational expectations’ to the study of macroeconomic relationships
Our irrational regard for economic models continues, despite their track record
Students from India and China are finding it harder to stay in the US
Executives’ achievements are hard to measure
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