Thomas Sargent

Thomas Sargent is an influential American economist known for his work in macroeconomics and monetary policy. He is recognized for developing models that explain how people's expectations about the economy can shape economic outcomes, particularly in terms of inflation and interest rates. Sargent's research emphasizes the importance of rational expectations—that individuals use all available information to make informed decisions. He won the Nobel Prize in Economic Sciences in 2011, highlighting his contributions to understanding economic dynamics and the role of government policies in stabilizing the economy. His work continues to impact economic theory and policy today.