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Thomas J. Sargent's Quotes

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Born: 1943-07-19
Profession: Economist
Nation: American
Biography of Thomas J. Sargent

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

Tags: Become, High, School

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.

Tags: Done, Football, Work

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

Tags: Happy

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

Tags: Good, Wonderful, Work

What I really don't like is oversimplification.

Tags: Difficult, Sense, Water

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.

Tags: After, Call, Spring

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

Tags: Complete, Function, Optimistic

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.

Tags: Class, Danger, Tests
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