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My published work is just a record of my learning. I'm sharing it with people so they won't make the same mistakes that I did. It's been a painful an… - Thomas J. Sargent
" "My published work is just a record of my learning. I'm sharing it with people so they won't make the same mistakes that I did. It's been a painful and slow process. My work is like a journey, a journey of discovery.
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About Thomas J. Sargent
Thomas John "Tom" Sargent (born July 19, 1943) is an American economist, who is currently the W.R. Berkley Professor of Economics and Business at . He specializes in the fields of macroeconomics, monetary economics and time series econometrics.
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Thomas John "Tom" Sargent
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Thomas John Sargent
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Additional quotes by Thomas J. Sargent
Cagan’s adaptive mechanism for explaining expectations of inflation has sometimes been criticized as an ad hoc formulation that is inconsistent with the hypothesis that expectations are rational. In this paper, we have showed that conditions exist under which adaptive expectations are fully rational.
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