File:La_Revolución_Industrial_Pasado_y_Futuro,_Robert_E._Lucas_Jr._screenshot_(cropped).jpg · Wikimedia Commons · See Wikimedia Commons
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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Nobel Prize
- The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel1995
“for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy”
Wikidata facts
- Instance of
- human
- Given name
- Robert
- Family name
- Lucas
- Gender
- male
- Citizenship
- United States
- Place of birth
- Yakima
- Place of death
- Chicago
- Spouse
- Nancy Stokey
- Occupation
- economist
- Position held
- president
- Employer
- Carnegie Mellon University
- Languages spoken
- English language
- Doctoral advisor
- Dale W. Jorgenson
- Field of work
- macroeconomics
- Movement
- new classical macroeconomics
- Image
- La Revolución Industrial Pasado y Futuro, Robert E. Lucas Jr. screenshot (cropped).jpg
- Number of children
- 2
- Residence
- Chicago metropolitan area
Show 7 more facts
- date of birth
- 1937-09-15
- member of
- Econometric Society
- name in native language
- Robert Emerson Lucas, Jr
- date of death
- 2023-05-15
- Commons category
- Robert Lucas Jr.
- maintained by WikiProject
- WikiProject Mathematics
- interested in
- economics
Sources (11)
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Encyclopedic overview
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.
Early life and education
Excerpted from Wikipedia’s “Robert Lucas” article, available under the CC BY-SA 4.0 licence.