Robert Lucas Jr. Quotes


I was good at math and science, and it was expected that I would attend the University of Washington in Seattle and become an engineer. But by the time I was seventeen, I was ready to leave home, a decision my parents agreed to support if I could obtain a scholarship. MIT did not grant me one, but the University of Chicago did.


Citations

Lucas, Robert E., Jr. "Robert E. Lucas Jr. - Biographical." Les Prix Nobel. The Nobel Prizes 1995, edited by Tore Frängsmyr, Nobel Foundation, 1996.

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Robert Lucas Jr.
Robert Lucas Jr.
  • Born: September 15, 1937
  • Nationality: American
  • Profession: Economist

Robert Emerson Lucas Jr. (born September 15, 1937) is an American economist at the University of Chicago, where he is currently the John Dewey Distinguished Service Professor Emeritus in Economics and the College. Widely regarded as the central figure in the development of the new classical approach to macroeconomics, he received the Nobel Prize in Economics 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". He has been characterized by N. Gregory Mankiw as "the most influential macroeconomist of the last quarter of the 20th century." As of 2020, he ranks as the 11th most cited economist in the world.