1 of 1 people found the following review helpful
great collection by the leading macroeconomist of our time,
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This review is from: Studies in Business-Cycle Theory (Paperback)
Lucas is a wonderful writer, but here and elsewhere he's aiming at PhD students and above. If you're one of those, this contains some classics. "Econometric policy evaluation" is a personal favorite. The less mathematical essays are engaging in a different way, touching on how the field of macroeconomics has changed since the 1920s, in part because we have better tools than we used to. Here I'd say "Methods and problems" is the highlight. "Review of the McCracken Report" is laugh out loud funny as a critique of mushy policy advice.
Brady's review is -- what to say? -- silly. It misses the point by so much it's hard to know what the author was getting at. If that's not obvious to you, this probably isn't the book for you.