Quote of the day
Like stones rolling down hills, fair ideas reach their objectives despite all obstacles and barriers. It may be possible to speed or hinder them, but impossible to stop them.
Thomas J. Sargent
Born: July 19, 1943 (age 82)
Bio: Thomas John "Tom" Sargent is an American economist, specializing in the fields of macroeconomics, monetary economics and time series econometrics. As of 2014, he ranks fourteenth among the most cited economists in the world.
Known for:
- Recursive Macroeconomic Theory (2000)
- The Big Problem of Small Change (2002)
- Rational Expectations and Inflation (1986)
- Dynamic macroeconomic theory (1987)
- Recursive Linear Models of Dynamic Economies (2013)