Interview with the 2011 Laureates in Economic Sciences Thomas J. Sargent and Christopher A. Sims, 6 December 2011. The interviewer is Adam Smith, Editorial Director of Nobel Media.

My grandfathers were both immigrants to the US, one from Estonia, then part of the Russian empire, and the other from England. The Estonian, William Morris Leiserson, was Jewish. He fled Estonia in 1890 at the age of seven, through a forest in the dark of night, with his mother and two brothers....