Schelling was an unusual economist and game theorist, although some demur. In some respects, he was a typical Cold War product, but in other ways he deviated strongly. His game theory seems to have served strategic interests well when we consider nuclear deterrence, but not so well, when we look...

Influenced by changes in his environment in the early 1980s, Thomas Sargent tried to serve his interest in finding conceptual integrity of theory and method by using rational expectations to link general equilibrium theory and vector autoregressions. Dead ends loomed large on Sargent's horizon...