“for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy”
Robert E. Lucas Jr. was an American economist who received the 1995 Nobel Prize in Economic Sciences for having developed and applied the hypothesis of rational expectations, thereby transforming macroeconomic analysis and deepening understanding of economic policy. He was affiliated with the University of Chicago when he received the award.
- Field
- Business & Economics · Macroeconomics
- Lifespan
- 1937–2023