Talk:Thomas J. Sargent

Nature of influence

The article currently states that Sargent is among "most influential economists in the world." It would be very helpful to describe the nature of that influence. What things to do people currently do that they would not have done if not for the influence of Sargent's work? The addition would be timely in light of the Nobel announcement this morning. — Preceding unsigned comment added by Phytism (talk • contribs) 11:56, 10 October 2011 (UTC) Thank you Jim Sukwutput for a concise explanation!Phytism (talk) 19:38, 9 November 2011 (UTC)

Absolutely. See the notes in Changes to Rational Expectations Contributions for more precise contributions.

Major Changes to Page, RE Contributions

Sargent's contributions have been reorganized and extended. A few of the major changes and notes:

• Added references to the classical papers where the contribution was made.
• Added details on where some of his key contributions to rational expectations were made.
• Removed a paragraph on criticism of rational expectations. As the criticisms were not related to his work, I don't believe they are appropriate on this page and should be moved directly to Rational Expectations
• Added a section on his work extending and refining rational expectations
• Additionally, I expanded on the comments about European unemployment to directly connect it to his research.

A note on interviews, quotations on current events/policy: Sargent is primarily a researcher and educator and has little involvement in policy. Any comments he has on policy are 2nd order compared to his other contributions, and not notable enough for this page. — Preceding unsigned comment added by Jlpecon (talk • contribs) 15:54, 14 January 2012 (UTC)

Neoclassical Economists

I'm not sure T. Sargent is really a Neoclassical Economist. I mean, he says in places like here [1] that one of his main influences is Keynes. The article says:<<But Mr. Sims and Mr. Sargent say their work is being misread. Both, in fact, are longtime Democrats who maintain that government can, and should, play a role in economic affairs. They stand behind many recent policies of the Obama administration and the Federal Reserve. They even have some ideas about how European governments might defuse the running crisis on the Continent.>> He also define himself an "Harrison-Kreps KEYNESIAN" [2] — Preceding unsigned comment added by 79.2.201.163 (talk) 14:00, 4 December 2011 (UTC)

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