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Widely regarded as the central figure in the development of the new classical approach to macroeconomics, [1] he received the Nobel Prize in Economics in 1995 "for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy".
May 16, 2023 · The web page is an obituary of Robert E. Lucas Jr., who died in 2023 at the age of 85. It highlights his contributions to macroeconomics, especially the hypothesis of rational expectations, and his long association with the University of Chicago.
May 17, 2023 · Robert E. Lucas Jr., a contrarian Nobel laureate in economics who undergirded conservative arguments that government intervention in fiscal policy is often self-defeating, died on Monday in...
May 10, 2024 · Robert E. Lucas, Jr. (born September 15, 1937, Yakima, Washington, U.S.—died May 15, 2023, Chicago, Illinois) was an American economist who won the 1995 Nobel Prize for Economics for developing and applying the theory of rational expectations, an econometric hypothesis.
Jun 26, 2023 · Lucas was a pioneer of rational expectations theory, which challenged the Keynesian view of government influence on the economy. He taught and researched at the University of Chicago for 40 years and won the Nobel Memorial Prize in Economic Sciences in 1995.
- Bob Goldsborough
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May 18, 2023 · Nobel-winning economist Robert Lucas Jr. died on Monday. His revolutionary theories transformed the field of macroeconomics. His influential "Lucas critique" argued economic policy must...
May 15, 2023 · Born: 15 September 1937, Yakima, WA, USA. Died: 15 May 2023, Chicago, IL, USA. Affiliation at the time of the award: University of Chicago, Chicago, IL, USA. Prize motivation: “for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of ...
