News at Princeton

Thursday, Oct. 30, 2014

Multimedia: Featured

Nobel Prize reception highlights


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Princeton's Christopher Sims wins the 2011 Nobel Prize in economics with visiting professor Thomas Sargent. Read more.


Video Closed Captions


INTERVIEWER 1: Could you just
tell us a little bit about

maybe what they might be
feeling about now?

ERIC MASKIN: If they feel any
way the way I did four years

ago, they're feeling
overwhelmed.

This day is sensory overload.

You just get hit over and over
again, in a very nice way, but

it's incessant.

MARK WATSON: They're just the
kind of people you what to

copy, these guys.

When the question was asked
about what's your new work?

I think of these guys as being
very excited about their

latest paper, whatever it
happens to be, and that just

rubs off on all of us
in the department.

Again, keeps the excitement high
amongst all the faculty

and all of the students
and everyone.

So congratulations,
and thank you.


THOMAS SARGENT: So as professors
or students, we're

really privileged.

We have a wonderful
life of learning.

You're a person, and you
statistically run into

somebody who knows
more than you do.

And whether or not you could
take advantage of it depends

on how much time you
spend learning.

That's kind of it, nature
just gives you these

opportunities to learn.

CHRISTOPHER SIMS: Now I've
been privileged to be at

Princeton, which is another
great department.

It's a great award, and I'm very
grateful for the award

and for the environment that
I've been in because it helped

me to learn and grow.

So thanks to all of
you at Princeton.

ROHIT LAMBA: A funny thing is
that, when Chris teaches the

advanced macro course, Tom
sits in the class.

And when Tom teaches, Chris
sits in the class.

It's amazing, they're these
two old guys who are still

debating about macroeconomics,
they're like 60 years old.

And one can only imagine
what it was like when

they were at Harvard.

PAUL KRUGMAN: If it's anything
like mine, they're totally

having a sort of out-of-body
experience right now.

They're totally shocked,
totally--

it's wild.

FERNANDA MARQUEZ: It was a very
good surprise hearing

about it this morning.

We all feel so privileged to
be here studying in the

Economics Department in
Princeton, and have a faculty

that's been awarded
this great honor.


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