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Robert Lucas John Dewey Distinguished Service Professor in Economics and in the College Areas of Expertise:
William Harms |
Background:
Lucas, who received the 1995 Nobel Memorial Prize in Economic Sciences, is a key figure in the development of the theory of rational expectations. His work has shown that because people make rational decisions about their economic welfare, their actions can alter the expected results of government economic policies. Among his books are Rational Expectations and Econometric Practice (1981), which he co-edited with Thomas Sargent; Studies in Business-Cycle Theory (1981); Models of Business Cycles (1985); and Recursive Methods in Economic Dynamics, which he published in 1989 with Edward Prescott and Nancy Stokey, the Frederick Henry Prince Distinguished Service Professor in Economics at the University of Chicago.
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News clippings:
Mortgages and Monetary Policy WALL STREET JOURNAL September 19, 2007 Pop Quiz: Did the Tax Cuts Bolster Growth? Jane Jacobs, 89: Urban crusader |
Press releases:
Chicago's Robert Lucas wins Nobel Prize |
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Chronicle articles:
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Additional materials:
Website |
| University of Chicago Experts Guide | University of Chicago News Office |