Let this list of 4 quotations by the American economist Thomas J. Sargent lead you to an inspirational day. Recharge yourself with motivational rational, maximize, expectations sayings, and satisfy your hunger for a better life.
What are the best Thomas J. Sargent quotes?
We've made this hand-picked collection of quotes to show you what is Thomas J. Sargent truly willing to say and leave for generations. Whether an inspirational quote or a motivational message about giving your best, we can all benefit from the wisdom, captured within these words.
When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists.
I'm happy to say I am a Harrison-Kreps-Keynesian.
I think you've got to watch out for anybody in high school who says he wants to become an economist.
Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.
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.
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.
What I really don't like is 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.
The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.
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.'