Thomas Sargent

Thomas Sargent, 2011

Thomas John Sargent (born July 19, 1943 in Pasadena , California ) is an American economist . In 2011 he was awarded the Alfred Nobel Memorial Prize for Economics . He received the award together with Christopher Sims for his research in the field of macroeconomics .

Life

Sargent graduated from the University of California, Berkeley . After graduating from Harvard University , he was First Lieutenant and Captain in the US Army . This was followed by teaching activities at the University of Pennsylvania and the University of Minnesota , from 1975 as a professor, and at Stanford University . Since 2002 he has been Berkley Professor of Economics and Business at New York University .

Since 1987 he has also been a Senior Fellow of the conservative Hoover Institution at Stanford University .

In 2007, Sargent served as president-elect of the American Economic Association .

Act

As a co-founder of the New Classical Macroeconomics alongside Robert E. Lucas , he made significant contributions to the theory of rational expectations . His thesis of policy ineffectiveness , developed with Neil Wallace , states that a systematic and therefore predictable monetary policy has no real impact on the economy.

Honors

In addition to the prize in memory of Alfred Nobel, Sargent has received the following science prizes, among others: Nemmers Prize for Economics (1996), NAS Award for Scientific Reviewing (2011). In 1983 he became a member of both the American Academy of Arts and Sciences and the National Academy of Sciences , and in 2011 the British Academy .

Works

• Robert E. Lucas, Thomas J. Sargent (Eds.): Rational Expectations and Econometric Practice . 1981, ISBN 0-8166-0917-9
• Lars Peter Hansen , Thomas J. Sargent: Rational Expectations Econometrics . 1991, ISBN 0-8133-7800-1
• Lars Ljungqvist, Thomas J. Sargent: Recursive Macroeconomic Theory . 2001, ISBN 0-262-19451-1
• Lars Peter Hansen, Thomas J. Sargent: Robustness . 2007, ISBN 0-691-11442-0

Web links

Commons : Thomas J. Sargent  - Collection of Images, Videos and Audio Files

• Literature by and about Thomas Sargent in the catalog of the German National Library
• Current literature list from Thomas Sargent in the specialist portal EconBiz of the German Central Library for Economics .
• Thomas J. Sargent , personal homepage at New York University
• Hoover Institution: Thomas J. Sargent

Individual evidence

1. ^ The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2011: Thomas J. Sargent, Christopher A. Sims at nobelprize.org, October 10, 2011 (accessed October 10, 2011).
2. ^ Past and Present Officers. aeaweb.org ( American Economic Association ), accessed October 21, 2015 .