Thomas Sargent citations (10 citations)

Thomas Sargent: 10 citations0 J'aime

Thomas Sargent: Citations en anglais

“Economics is organized common sense. Here is a short list of valuable lessons that our beautiful subject teaches.”

Thomas J. Sargent, University of California at Berkeley graduation speech (2007), quoted in David Glasner, " Memo to Tom Sargent: Economics Is More than Just Common Sense https://uneasymoney.com/2014/04/25/memo-to-tom-sargent-economics-is-more-than-just-common-sense/" (2014)

“For policy, the central fact is that Keynesian policy recommendations have no sounder basis, in a scientific sense, than recommendations of non-Keynesian economists or, for that matter, non-economists.”

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Thomas J. Sargent

Robert Lucas, Jr. and Thomas J. Sargent, "After Keynesian macroeconomics", After the Phillips Curve: Persistence of High Inflation and High Unemployment (1978).

“Q: “Professor Sargent, can you tell me what CD rates will be in two years?””

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Thomas J. Sargent

Sargent: “No.” <br class="br">Thomas J. Sargent in: Ally Bank TV Spot, 'Predictions' Featuring Thomas Sargent http://www.ispot.tv/ad/7Lj9/ally-bank-predictions-featuring-thomas-sargent.

“What policymakers (and econometricians) should recognize, then, is that societies face a meaningful set of choices about alternative economic policy regimes.”

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Thomas J. Sargent

"Rational expectations and the dynamics of hyperinflation." 1973

“My recollection is that Bob Lucas and Ed Prescott were initially very enthusiastic about rational expectations econometrics. After all, it simply involved imposing on ourselves the same high standards we had criticized the Keynesians for failing to live up to. But after about five years of doing likelihood ratio tests on rational expectations models, I recall Bob Lucas and Ed Prescott both telling me that those tests were rejecting too many good models.”

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Thomas J. Sargent

Thomas J. Sargent interviewed by George W. Evans & Seppo Honkapohja, Macroeconomic Dynamics, 9, 2005, 561–583.

“My published work is just a record of my learning. I'm sharing it with people so they won't make the same mistakes that I did. It's been a painful and slow process. My work is like a journey, a journey of discovery.”

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Thomas J. Sargent

Thomas J. Sargent, in Conversations with Economists (1983) by Arjo Klamer