Evolution and intelligent design

• 成果类型: Article; Proceedings Paper
• 署名作者: Sargent, Thomas J.
• 署名单位: New York University
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.98.1.5
• 发表日期: 2008
• 页码: 5-37
• 关键词: monetary-policy rules; sustainable plans; temporal behavior; risk-aversion; expectations; consumption; inflation; beliefs; models; autoregressions

摘要

The introduction of the precious metals for the purposes of money may with truth be considered as one of the most important steps towards the improvement of commerce, and the arts of civilised life; but it is no less true that, with the advancement of knowledge and science, we discover that it would be another improvement to banish them again from the employment to which, during a less enlightened period, they had been so advantageously applied.