Robert e lucas jr biography
Robert e lucas jr biography
Robert e lucas jr biography children...
Robert Lucas Jr.
American economist (1937–2023)
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]N.
Gregory Mankiw characterized him 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]
Early life and education
Lucas was born on September 15, 1937, in Yakima, Washington, as the eldest child of Robert Emerson Lucas and Jane Templeton Lucas.[6] His parents ran an ice creamery in Yakima.
After the