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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
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Thomas J. Sargent
Age: 81
Born: 1943
Born: July 19
Economist
Professor
University Teacher
Pasadena
California
Thomas John Tom Sargent
Thomas John Sargent
Kids
Interested
Done
Football
Work
Amount
Long
Wasn
Least
Brightest
Effort
Shot
Getting
Shots
Girl
Girls
More quotes by Thomas J. Sargent
I'm happy to say I am a Harrison-Kreps-Keynesian.
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Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.
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The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.
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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.
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What I really don't like is oversimplification.
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