Thomas J. Sargent Professions : Economist Born : July 19, 1943 Browse All Authors Top 10 quotes by Thomas J. Sargent The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it. Thomas J. Sargent optimistic expectations firsts When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists. Thomas J. Sargent estimating lag agendas In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water. Thomas J. Sargent blow made water 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. Thomas J. Sargent opponents rejection class I think you've got to watch out for anybody in high school who says he wants to become an economist. Thomas J. Sargent watches school thinking 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. Thomas J. Sargent girl football kids I'm happy to say I am a Harrison-Kreps-Keynesian. Thomas J. Sargent Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times. Thomas J. Sargent inspired brilliant wonderful What I really don't like is oversimplification. Thomas J. Sargent oversimplification 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. Thomas J. Sargent day university expectations spring Similar Authors Bryan Caplan economist Burton Malkiel economist Bruno Frey economist Brian Wesbury economist Branko Milanovic economist Andrew Samwick economist All Authors
