Thomas J. Sargent American economist Date of Birth: 19.07.1943 Country: USA

1. Thomas J. Sargent - Nobel Laureate in Economics
2. A Leader in the Rational Expectations Revolution
3. Biography of Thomas J. Sargent

Thomas J. Sargent - Nobel Laureate in Economics

Thomas J. Sargent is an American economist and recipient of the Nobel Prize in Economic Sciences in 2011. He specializes in macroeconomics, monetary economics, and time series econometrics. Alongside Christopher A. Sims, Sargent was awarded the Nobel Prize for their empirical research on causal relationships in macroeconomics.

A Leader in the Rational Expectations Revolution

Sargent is recognized as one of the leaders of the rational expectations revolution, which has become an integral part of macroeconomic analysis. He argues that policymakers cannot systematically manipulate the economy through predictable policy changes. Sargent made significant contributions to the theory by applying new mathematical methods to econometric models.

Biography of Thomas J. Sargent

Thomas John "Tom" Sargent was born on July 19, 1943 in Pasadena, California. He received his bachelor's degree from the University of California, Berkeley, where he was named the most outstanding student of the graduating class of 1964. Sargent earned his Ph.D. from Harvard University in 1968.

He served as a faculty member at the University of Pennsylvania from 1970 to 1971, the University of Minnesota from 1971 to 1987, and the University of Chicago from 1991 to 1998. Sargent also taught at Stanford University from 1998 to 2002 and Princeton University in 2009. Since 2002, he has been a professor of economics and business at New York University.

Sargent has been a member of the Econometric Society since 1976. In 1983, he was elected as a member of the American Academy of Arts and Sciences. He served as a senior fellow at the Hoover Institution at Stanford University from 1987 and a member of the advisory board of the Penn Institute for Economic Research at the University of Pennsylvania.

In 2011, Sargent was honored by the National Academy of Sciences and received the CME Group-MSRI Prize. In the same year, he was awarded the Nobel Prize in Economics alongside Christopher A. Sims. Sargent's notable works include "Macroeconomic Theory" and "Dynamic Macroeconomic Theory."