Robert E. Lucas Jr.
Facts
Photo from the Nobel Foundation archive.
Robert E. Lucas Jr.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1995
Born: 15 September 1937, Yakima, WA, USA
Affiliation at the time of the award: University of Chicago, Chicago, IL, USA
Prize motivation: "for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy."
Contribution: Development and application of the theory of rational expectations in macroeconomic analysis.
Prize share: 1/1
Nobel Prizes and laureates
Nobel Prizes 2021
Thirteen laureates were awarded a Nobel Prize in 2021, for achievements that have conferred the greatest benefit to humankind.
Their work and discoveries range from the Earth’s climate and our sense of touch to efforts to safeguard freedom of expression.
See them all presented here.
Their work and discoveries range from the Earth’s climate and our sense of touch to efforts to safeguard freedom of expression.
See them all presented here.
Explore prizes and laureates
Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.
