Date of Birth: July 19, 1943
Zodiac Sign: Cancer
Biography
Thomas J. Sargent is a renowned American economist known for his influential work in the fields of macroeconomics, monetary economics, and econometrics. He was born in Pasadena, California, and raised in Berkeley. Sargent earned his B.A. from the University of California, Berkeley, and his Ph.D. from Harvard University. Over his career, he has held faculty positions at several prestigious institutions, including the University of Minnesota, the University of Chicago, Stanford University, and New York University. Sargent is a leading proponent of the rational expectations theory and has made significant contributions to the understanding of economic policy, time series analysis, and dynamic stochastic general equilibrium models. In 2011, he was awarded the Nobel Memorial Prize in Economic Sciences, along with Christopher A. Sims, for their empirical research on cause and effect in the macroeconomy.
5 Interesting Facts about Thomas J. Sargent
1. Thomas J. Sargent is one of the founders of the rational expectations revolution in economics.
2. He co-authored the influential book “Robustness” with Lars Peter Hansen.
3. Sargent served as the president of the Econometric Society in 2005.
4. He has been a visiting scholar at the Federal Reserve Banks of Minneapolis and San Francisco.
5. In addition to his academic work, Sargent has consulted for the U.S. government and various international organizations.
5 Most Interesting Quotes from Thomas J. Sargent
1. “In order to understand the course of the economy, it is necessary to understand the expectations of economic agents.”
2. “Economics is about choice under constraints.”
3. “Rational expectations is a theory which proposes that outcomes depend partly on what people expect to happen.”
4. “Theories in economics and econometrics give structure to data.”
5. “Our work on robustness is about understanding how to design policies that perform well even when the world is not exactly as we model it.”
Highest Net Worth Achieved
Thomas J. Sargent’s highest net worth is estimated to be approximately $5 million.
Children
Thomas J. Sargent has two children.
Relevant Links
1. [Thomas J. Sargent’s Profile on NYU](https://www.nyu.edu/profiles/thomas-j-sargent.html
