Robert E Lucas

  • Robert E. Lucas Jr one of the world’s greatest economists, died on 15th May, 2023, at the age of 85.
  • He was a New Classical economist and long-time professor at the University of Chicago.
  • In 1995, he was awarded the Economics Nobel Prize for developing the theory of rational expectations.
  • He is also known for the Lucas-Uzawa model.
  • Lucas-Uzawa model explains long-run economic growth as dependent on human capital ....
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