Nobel laureate and pioneering economist, robert E. Lucas Jr. Passes away

Nobel laureate and pioneering economist, robert E. Lucas Jr. Passes away

Nobel laureate and pioneering economist, robert E. Lucas Jr. Passes away

An American economist, Robert E. Lucas Jr. passed away at 85. He was honoured with the Nobel Prize in Economics for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy in 1995.

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He was well known for his investigations into the implications of the assumption of the rational expectations theory.

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