Thomas J. Sargent receiving his Prize from His Majesty King Carl XVI Gustaf of Sweden at the Stockholm Concert Hall, 10 December 2011. Copyright © The Nobel Foundation 2011
Photo: Frida Westholm

Thomas J. Sargent after receiving his Prize at the Stockholm Concert Hall, 10 December 2011. Copyright © The Nobel Foundation 2011
Photo: Frida Westholm

Thomas J. Sargent showing his Medal after the Prize Award Ceremony, 10 December 2011.

© The Nobel Foundation 2011. Photo: Frida Westholm

Thomas J. Sargent arrives at the Nobel Banquet accompanied by Filippa Reinfeldt, County Council Healthcare Commissioner. Copyright © The Nobel Foundation 2011
Photo: Orasisfoto

Thomas J. Sargent and Dr Danièle Hoffmann, wife of Medicine Laureate Jules A. Hoffmann, at the Nobel Banquet, 10 December 2011.

© The Nobel Foundation 2011. Photo: Orasisfoto

Thomas J. Sargent delivering his banquet speech.

© The Nobel Foundation 2011. Photo: Orasisfoto

Eleven of the thirteen 2011 Nobel Laureates assembled for a group photo during their visit to the Nobel Foundation in Stockholm, 12 December 2011. Back row, left to right: Nobel Peace Prize Laureates Tawakkol Karman and Leymah Gbowee, Nobel Laureates in Physics Brian P. Schmidt, Saul Perlmutter and Adam G. Riess, Nobel Laureate in Chemistry Dan Shechtman and Nobel Laureate in Physiology or Medicine Bruce A. Beutler. Front row, left to right: Nobel Peace Prize Laureate Ellen Johnson Sirleaf, Laureate in Economic Sciences Christopher A. Sims, Nobel Laureate in Literature Tomas Tranströmer and Laureate in Economic Sciences Thomas J. Sargent.

© The Nobel Foundation 2011. Photo: Orasisfoto

Thomas J. Sargent and Christopher A. Sims before delivering their Prize Lectures on 8 December 2011, at Aula Magna, Stockholm University. Copyright © The Nobel Foundation 2010
Photo: Orasisfoto

Thomas J. Sargent delivering his Prize Lecture on 8 December 2011, at Aula Magna, Stockholm University. Copyright © The Nobel Foundation 2010
Photo: Orasisfoto

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

Copyright © Scanpix 2011 Photo: Jonas Ekströmer

Portrait of Thomas J. Sargent.

Photo: NYU Stern Photo courtesy of New York University Media Relations

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

Photo: Denise Applewhite, Princeton University, Office of Communications

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.

Photo: Denise Applewhite, Princeton University, Office of Communications

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

Photo: Denise Applewhite, Princeton University, Office of Communications

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

Photo: Denise Applewhite, Princeton University, Office of Communications

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.

Photo: Denise Applewhite, Princeton University, Office of Communications

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.

Photo: Denise Applewhite, Princeton University, Office of Communications

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.

Photo: Mahlon Lovett, Princeton University, Office of Communications