Top 11 Quotes & Sayings by Thomas J. Sargent

Explore popular quotes and sayings by an American economist Thomas J. Sargent.

Last updated on December 18, 2024.

Thomas John Sargent is an American economist and the W.R. Berkley Professor of Economics and Business at New York University. He specializes in the fields of macroeconomics, monetary economics, and time series econometrics. As of 2020, he ranks as the 29th most cited economist in the world. He was awarded the Nobel Memorial Prize in Economics in 2011 together with Christopher A. Sims for their "empirical research on cause and effect in the macroeconomy".

American - Economist | Born: July 19, 1943

Source: Wikipedia

The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.

Thomas J. Sargent

There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not.

Thomas J. Sargent

I think you've got to watch out for anybody in high school who says he wants to become an economist.

Thomas J. Sargent

I'm happy to say I am a Harrison-Kreps-Keynesian.

Thomas J. Sargent

What I really don't like is oversimplification.

Thomas J. Sargent

Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.

Thomas J. Sargent

Lucas attended a conference on rational expectations at the University of Minnesota in the spring of 1973. The day after the conference, I received a call from Pittsburgh.

Thomas J. Sargent

In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.'

Thomas J. Sargent

I wasn't the brightest kid, not by a long shot. I was interested in football, in girls, in getting my work done with the least amount of effort.

Thomas J. Sargent

In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.

Thomas J. Sargent

When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists.

Thomas J. Sargent