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Since Abraham Lincoln's death, generations of Americans have studied his life, presidency, and leadership, often remaking him into a figure suited to the needs and interests of their own time. This illuminating volume takes a different approach to his political thought and practice. Here, a distinguished group of contributors argue that Lincoln's relevance today is best expressed by rendering an accurate portrait of him in his own era. They seek to understand Lincoln as he understood himself and as he attempted to make his ideas clear to his contemporaries. What emerges is a portrait of a...

Rational Expectations and Econometric Practice was first published in 1981. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.

Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain environment people must forecast such variables as future rates of inflation, tax rates, government subsidy schemes and regulations. The doctrine of rational...