Thomas J. Sargent 101: American Economist
Zatrun Published at April 07, 2023

Thomas J. Sargent 101: Who is an American Economist? In our article on, an American Economist who our readers are curious about, Thomas J. We will cover everything you need to know about Sargent in detail.

Who is Thomas J. Sargent?

Thomas J. Sargent was born in Pasadena, California in 1943 and completed his education in the same state. He received his undergraduate education from the University of California, Berkeley. Later, in 1964, he received a B from the university.A. Linans received his Diploma. In June 1964, Thomas J. Decker was awarded the “Most Prominent Student” among the bachelor’s degrees awarded from this university. Sargent was awarded the University Medal of Honor. He received his Ph.D. degree from Harvard University in March 1968.

While pursuing his doctorate, Thomas J. Sargent worked as a research assistant at the Carnegie Institute of Technology in 1967. in 1968-1969, he did his military service in the American army in the Department of Systems Analysis Economics at the Ministry of Defense. At the same time, he has also reached the rank of temporary head of the department and Captain.

Thomas J. Sargent was an Associate Professor of Economics at the University of Pennsylvania from 1970 to 1971 and a Professor of Economics at the University of Minnesota from 197 Dec to Dec 1974. He has a famous academic career, where he started his career as a Professor. He started to work as a Professor of Economics at the University of Minnesota in 1974 and took part in this position in 1974-1987.

His Academic Life

Thomas J. Sargent held profess Decencies at the University of Chicago from 1991 to 1996, Stanford University from 1991 to 1998 and Princeton University in 2009. He also held professorships at the University of Chicago and Princeton University from 1991 to 1998. He has been the Berkeley Professor of Economics and Business Administration at New York University since 2002.

Sargent has been a member of the Econometric Society since 1976 and was elected to the American Academy of Arts and Sciences as an academic member in 1983. since 1987, he has also been a senior academic member at Stanford University’s Hoover Institution.

As one of the leading theorists of the “Chicago School of Economics”, founded by a group of American right-wing economists, Sargent and his colleagues developed the theories of “rational expectations” and “efficient markets”, which they claimed revolutionized economics. Followers of these theories claim that it is in the nature of a revolution in economics.

At the same time, he believes that those who determine economic policy will not be able to manage the economy and the private sector in a systematic way with the expected policy changes. In particular, they believe in the neutrality of the government’s economic policy. Using the dynamical rules underlying the theories of “rational expectations”, Sargent developed the mathematical foundations of the resulting systems and the mathematical techniques used in econometric models to study them.

His Major Works

Thomas J. Sargent focused his studies on the topics of new neoclassical macroeconomics, monetary economics and time series econometrics. He has been the Berkeley Professor of Economics and Banking at New York University since 2004. In 2011, he was awarded the Nobel Prize in Economics for his original contributions to empirical research on cause and effect in macroeconomics.

Thomas J. Sargent has written several books on neoclassical macroeconomics, monetary economics and time series econometrics. He has many important books and articles. Some of his important works are Macroeconomic Theory (1979, 1987), Dynamic Macroeconomic Theory (1987) and Exercises Dynamic Macroeconomic Theory (together with Rodolfo Manuelli, 1987).

Sargent has also been the editor of Rational Expectations and Econometric Practice (Robert E. Lucas, Jr. together with, 1981). Sargent’s other works cover topics such as the econometrics of rational expectations, inflation, bounded rationality in macroeconomics, and the history of American inflation.

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