2011 Nobel Prize in Economic Science

The 2011 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded jointly to Thomas J. Sargent and Christopher A. Sims "for their empirical research on cause and effect in the macroeconomy"

Thomas J. Sargent

Born: 1943, Pasadena, CA, USA

Affiliation at the time of the award:New York University, New York, NY, USA

Prize motivation: "for their empirical research on cause and effect in the macroeconomy"

Christopher A. Sims

Born: 1942, Washington, DC, USA

Affiliation at the time of the award:Princeton University, Princeton, NJ, USA

Prize motivation: "for their empirical research on cause and effect in the macroeconomy"

Thomas J. Sargent, teaching a graduate course on macroeconomic theory on 10 October 2011, the same day as the announcement of the 2011 Prize in Economic Sciences.

Thomas J. Sargent meets students, colleagues, media representatives and other attendees at a reception after the announcement of the 2011 Prize in Economic Sciences.

Thomas J. Sargent addresses the audience at a reception at Princeton University after the announcement of the 2011 Prize in Economic Sciences.

Portrait of Thomas J. Sargent, 2011 Laureate in Economic Sciences.

Like many Laureates before him, Thomas J. Sargent autographs a chair at Bistro Nobel at the Nobel Museum in Stockholm, 6 December 2011.

Following the afternoon news conference and a celebratory reception honoring their 2011 Laureates in Economic Sciences, Thomas J. Sargent and Christopher A. Sims headed to co-teach a graduate course on advanced macroeconomic theory. Here, Christopher A. Sims sits behind the students and joins them in taking notes on the topic of Thomas J. Sargent's lesson; the two professors share duties of leading class lectures and discussions.

Princeton University economist Christopher A. Sims (left) enjoys a laugh during a news conference with his co-Laureate Thomas J. Sargent, a New York University economist who is a visiting professor at Princeton this fall.

From left, Mark Watson, acting chair of Princeton University's economics department, salutes Thomas J. Sargent and Christopher A. Sims at a reception honoring their 2011 Prize in Economic Sciences.