Robert E. Lucas Jr.

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Yet another economist died last month. A great loss.

A tribute by Tyler Cowen here:

The University of Chicago economics department might have faded into normalcy after the retirement of Milton Friedman in 1977. But Lucas, along with Gary Becker, ensured that a distinctive “Chicago school” would reign for decades to come. Lucas pioneered the doctrine of “rational expectations,” an idea that became central to macroeconomics.

Another one:

https://www.npr.org/2023/05/17/1176781995/the-man-who-busted-the-inflation-employment-myth


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