Robert Lucas Jr.

Robert Lucas Jr.
Lucas in 1996
Born
Robert Emerson Lucas Jr.

(1937-09-15)September 15, 1937
DiedMay 15, 2023(2023-05-15) (aged 85)
Chicago, Illinois, U.S.
EducationUniversity of Chicago (BA, PhD)
Spouses
  • Rita Cohen
    (m. 1959, divorced)
  • Nancy Stokey
Children2
Academic career
Institution
FieldMacroeconomics
School or
tradition
New classical macroeconomics
Doctoral
advisor
Doctoral
students
Contributions
AwardsNobel Memorial Prize in Economic Sciences (1995)
Information at IDEAS / RePEc

Robert Emerson Lucas Jr. (September 15, 1937 – May 15, 2023) was an American economist at the University of Chicago. 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".[2][3] He was characterized by N. Gregory Mankiw as "the most influential macroeconomist of the last quarter of the 20th century".[4] In 2020, he ranked as the 10th most cited economist in the world.[5]

  1. ^ Snowdon, Brian; Vane, Howard R. (2005). Modern Macroeconomics: Its Origin, Development and Current State. Cheltenham: Edgar Elgar. pp. 220–223. ISBN 978-1-84542-208-0.
  2. ^ "Robert E. Lucas, Jr. | American economist". Encyclopedia Britannica. Retrieved August 2, 2017.
  3. ^ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1995". Nobel Foundation. Retrieved October 14, 2008.
  4. ^ Mankiw, N. Gregory (September 21, 2009). "Back In Demand". Wall Street Journal.
  5. ^ "Top 10% Authors, as of July 2020". IDEAS/RePEc. Archived by the Wayback Machine: Research Papers in Economics. Archived from the original on August 23, 2020. Retrieved May 21, 2023.

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