Thomas Sargent

Thomas Sargent is an American economist and one of the leaders of the “rational expectations revolution”. He is a fellow of the American Academy of Arts and Sciences, the National Academy of Sciences and the Econometric Society. He is also a past president of the Econometric Society, the American Economic Association and the Society for Economic Dynamics. From 1975 to 1987, he was a professor of economics at the University of Minnesota. From 1992 to 1998, he was the David Rockefeller Professor at the University of Chicago. From 1998 to 2002, he was a professor of economics at Stanford University.

Professor Sargent specializes in the fields of macroeconomics, monetary economics and time series econometrics. His work in research sheds light on the cause-and-effect relationship between the economy and policy instruments such as interest rates and government spending. Professor Sargent won the Erwin Plein Nemmers Prize in Economics in 1997 and shared the Nobel Memorial Prize in Economics in 2011 for his empirical research on cause and effect in the macroeconomy.

Professor Sargent is the author or co-author of nine books. He earned his doctorate from Harvard University in 1968.