Robert Lucas Jr. | |
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![]() Lucas in 1996 | |
Born | Robert Emerson Lucas Jr. September 15, 1937 Yakima, Washington, U.S. |
Died | May 15, 2023 Chicago, Illinois, U.S. | (aged 85)
Education | University of Chicago (BA, PhD) |
Spouses |
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Children | 2 |
Academic career | |
Field | Macroeconomics |
Institution | |
School or tradition | New classical macroeconomics |
Doctoral advisor | |
Doctoral students | |
Contributions | |
Awards | Nobel Memorial Prize in Economic Sciences (1995) |
Information at IDEAS / RePEc |
Part of a series on the |
Chicago school of economics |
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Part of a series on |
Macroeconomics |
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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 Memorial Prize in Economic Sciences 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]
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