Thomas Sargent, a professor at New York University and winner of the 2011 Nobel Prize in Economics, receives the Cheng Siwei Global Award at the third "Cheng Siwei Global Award" ceremony in Beijing on December 16. Photo: Courtesy of University of Chinese Academy of Sciences Education Foundation

Thomas Sargent, a professor at New York University and winner of the 2011 Nobel Prize in Economics, receives the Cheng Siwei Global Award at the third “Cheng Siwei Global Award” ceremony in Beijing on December 16. Photo: Courtesy of University of Chinese Academy of Sciences Education Foundation