Thomas J. Sargent famous quotes

Last updated: Sep 5, 2024

When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists.
-- Thomas J. Sargent

#Lag #Estimating #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 #Water #Made
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
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

#Class #Rejection #Opponents
I think you've got to watch out for anybody in high school who says he wants to become an economist.
-- Thomas J. Sargent

#School #Thinking #Want
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

#Brilliant #Inspired #Wonderful
What I really don't like is oversimplification.
-- Thomas J. Sargent

#Oversimplification

The audience is the best judge of anything. They cannot be lied to. Truth brings them closer. A moment that lags - they're gonna cough.
Don't imitate, don't follow the others, or else you will lag behind them.
I suspect that one of capitalism's crucial assets derives from the fact that the imagination of economists, including its critics, lags well behind its own inventiveness, the arbitrariness of its undertaking and the ruthlessness of the way in which it proceeds.
I'd love to get ideas on overcoming jet lag.
Many of our partners are here and this is where the world's expertise on environment and the wider sustainability agenda often and regularly gathers. Here is where international initiatives frequently start and are nurtured. Geneva is one of the hubs where global programs can be often most effectively managed.
Love moves without an agenda. It just moves because that is its nature to move.
The therapeutic concerns of the culture too often set the agenda for evangelical preaching.
Dont throw yourself out on anotherâ€™s whim. People change, as do intentions and as a result, consequences. Live for yourself - Love those around you, but realize that theyâ€™ve got their own agendas.
There is a hidden agenda in the fragility of romance.
For the first time, preventing nuclear proliferation and nuclear terrorism is now at the top of America's nuclear agenda.

Thomas J. Sargent famous quotes

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