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HOME > NEWS > WORLD SCIENTIFIC AUTHOR AWARDED NOBEL PRIZE IN ECONOMICS 2011
WORLD SCIENTIFIC AUTHOR AWARDED NOBEL PRIZE IN ECONOMICS 2011

Thomas J. Sargent

World Scientific author Thomas A. Sargent has been awarded the Nobel Prize in Economics for 2011.

Sharing the most prestigious award in the field with Princeton economist Christopher Sims for their joint work on the cause-and-effect relationship between policy and the economy, Professor Sargent now enters the ranks of world class Nobel Prize economists like Harry Markowitz, Eric Maskin and William Sharpe who are also World Scientific authors. His prize-winning research focused on the longer-term structural analysis of the economy through a study of the various economic issues based on historical data, where he conducted experiments to discover how these types of policy changes would affect the economy in the long term.

Congratulating Professor Sargent on his award, World Scientific Chairman Dr K.K. Phua said, "The Nobel Prize is the highest award given to the most outstanding contribution of a particular scientific field and I am happy to see Professor Sargent receiving it. His work is an inspiration to many economists."

Among the many books that he has published like Rational Expectation and Economic Practice and Recursive Macroeconomic Theory, Professor Sargent is also set to publish his latest title with World Scientific entitled "Robustness and Macroeconomics" which is due to be published in mid-2012.

More information about the Nobel Prize in Economics laureates 2011 can be found at: http://www.nobelprize.org/nobel_prizes/economics/laureates/2011/.


About Professor Thomas J.Sargent
Thomas J. Sargent, a macroeconomist, joined New York University as the first W.R. Berkley Professor in September 2002, a joint appointment by the Economics Department at NYU's Faculty of Arts and Sciences and the Stern School of Business.

Professor Sargent was a professor of economics at the University of Minnesota from 1975 to 1987, the David Rockefeller Professor at the University of Chicago from 1992 to 1998 and the Donald Lucas Professor of Economics at Stanford University from 1998 to 2002. He has been a senior fellow at the Hoover Institution since 1987.

Professor Sargent earned his Ph.D. from Harvard University in 1968 and was a first lieutenant and captain in the U.S. Army. He was a university medalist as Most Distinguished Scholar in the Class of 1964 and won the Nemmers Prize in Economics in 1997. Professor Sargent was elected a fellow of the National Academy of Sciences and a fellow of the American Academy of Arts and Sciences, both in 1983.

Professor Sargent is past president of the Econometric Society, the American Economic Association and the Society for Economic Dynamics.


About World Scientific Publishing Co.
World Scientific Publishing is a leading independent publisher of books and journals for the scholarly, research and professional communities. The company publishes about 500 books annually and more than 120 journals in various fields. World Scientific collaborates with prestigious organisations like the Nobel Foundation, US National Academies Press, as well as its subsidiary, the Imperial College Press, amongst others, to bring high quality academic and professional content to researchers and academics worldwide. To find out more about World Scientific, please visit www.worldscientific.com.

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Updated on 10 July 2012