Robert Lucas
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Robert Lucas was an American economist who lived from 1937 to 2023 and won the Nobel Prize in Economics for his influential work on how people's expectations about the future shape economic behavior. His ideas fundamentally changed how economists think about inflation, unemployment, and the effectiveness of government policies.
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- 1937-09-15
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- 1776
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- 25
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Article
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, 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". N. Gregory Mankiw characterized him as "the most influential macroeconomist of the last quarter of the 20th century". In 2020, he ranked as the 10th most cited economist in the world.
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1937 births2023 deaths20th-century American economists21st-century American economistsAmerican macroeconomistsAmerican Nobel laureatesCarnegie Mellon University facultyChicago School economistsDistinguished fellows of the American Economic AssociationEconomists from Washington (state)Fellows of the American Academy of Arts and SciencesFellows of the Earhart Foundation