Two of his lucid monographs, “Macroeconomic Theory” and “Dynamic Economic Theory,” have long been mainstays of macroeconomic educationI am guessing pretty much anyone who went to grad school in econ in the late 1980s was subjected to "Macroeconomic Theory." It has indeed become a useful reference to me, but lucid is about the last word I would use to describe it. Lucid writers (within the realm of their academic work) include Paul Krugman, Milton Friedman and....Ed Glaeser. Michael Intriligator manages to make dynamic optimization intuitive. I just don't see how Sargent gets in the same category.
Sunday, October 16, 2011
Lucid is the eye of the beholder
Ed Glaeser celebrates Tom Sargent in a recent Bloomberg column (h/t my father). The following statement really struck me: