Tom Sargent, Nobel Laureate

The “Nobel Prize in Economics” (it isn’t really a Nobel Prize, but a prize in memory of Alfred Nobel) for 2011 was announced this morning, going to Tom Sargent of Hoover and NYU, and Chris Sims of Princeton.  To those who have accused the Nobel of being a bit…political (as in, left-leaning), this is anything but.  Sims is less outspoken than Sargent, but that’s because Sargent is very, very outspoken.  For a sense of this, I recommend

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