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
Their work and discoveries range from the Earth’s climate and our sense of touch to efforts to safeguard freedom of expression.
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