Arthur Okun - teacher at Yale in the 1950s, member and later Chairman of the President's Council of Economic Advisors in the 1960s, and Fellow of the Brookings Institution throughout the 1970s - was one of the three or four most important macroeconomists of the past twenty years. He was perhaps...

Since the late 1960s, Robert Hall's research has had a significant impact on the macroeconomic study of consumer behavior. The Rational Consumer brings together eight articles that represent key points in the development of Hall's ideas on consumption over the past two decades. In his...