UC Berkeley graduate wins Nobel Prize in Economics

UC Berkeley alumnus Thomas Sargent shared the Nobel Prize in Economics Monday for research regarding the relationship between economic policy and economic indicators like gross domestic product, inflation and unemployment.

Sargent, who is currently a professor of economics at New York University, received his bachelor’s degree from UC Berkeley in 1964. He shared the prize with Christopher Sims, an economics professor at Princeton University.

According to the Nobel press release, “the laureates’ seminal work during the 1970s and 1980s has been adopted by both researchers and policymakers throughout the world.”

Sargent won UC Berkeley’s 1964 University Medal, which is awarded to the most outstanding graduating senior on the Berkeley campus. He is the 27th UC Berkeley graduate to win a Nobel Prize.