Robert E. Lucas, Jr., 1937- One of the most influential modern economic theorists, Robert Lucas is the leader of the New Classical school - the modern version of the Chicago School. His introduction of the concept of rational expectations in the 1970s helped to decisively bury the Neo-Keynesian orthodoxy and inaugurated a new era of macroeconomics relying on the Neoclassical concept of ...

University of Chicago News Office Press Release ...

Oct 12, 1995 Vol. 15, No. 3 current issue archive / search contact Robert Lucas wins Nobel Prize in Economics Prize awarded to U of C faculty member for fifth time in six years Applause from dozens of well-wishers, handshakes from three fellow Nobel laureates and a flurry of attention from reporters, photographers and television crews were all part of an extraordinary day for Robert Lucas -- and ...