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Top 9 Thomas J. Sargent Quotes (2025 Update)

Thomas J. Sargent Quote: “The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.”

1. “The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.”

— Thomas J. Sargent

Thomas J. Sargent Quote: “What I really don’t like is oversimplification.”

2. “What I really don’t like is oversimplification.”

— Thomas J. Sargent

Thomas J. Sargent Quote: “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.”

3. “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

Thomas J. Sargent Quote: “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.”

4. “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

Thomas J. Sargent Quote: “I’m happy to say I am a Harrison-Kreps-Keynesian.”

5. “I’m happy to say I am a Harrison-Kreps-Keynesian.”

— Thomas J. Sargent

Thomas J. Sargent Quote: “I think you’ve got to watch out for anybody in high school who says he wants to become an economist.”

6. “I think you’ve got to watch out for anybody in high school who says he wants to become an economist.”

— Thomas J. Sargent

Thomas J. Sargent Quote: “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.”

7. “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

Thomas J. Sargent Quote: “Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.”

8. “Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.”

— Thomas J. Sargent

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

9. “When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists.”

— Thomas J. Sargent

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