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Robert Emerson Lucas, Jr. (born September 15, 1937
in Yakima, Washington) is an United
States|American economist at the University of
Chicago. He received The Bank of Sweden Prize in
Economic Sciences in Memory of Alfred Nobel in
1995. 

He received his B.A. in History in 1959 and Ph.D.
in Economics in 1964, both from the University of
Chicago.  He taught at Carnegie-Mellon University
until 1975, when he returned to the University of
Chicago. 

Perhaps one of the most influential economists
since the 1970s, he changed the foundations of
macroeconomic theory (previously dominated by the
Keynesian economics approach), arguing that a
macroeconomic model should have micro-foundations.
 He is well known for his investigations into the
implications of the assumption of rational
expectations. He developed the "Lucas critique" of
economic policymaking, which holds that
relationships that appear to hold in the economy,
such as an apparent relationship between inflation
and unemployment, change in response to changes in
economic policy.

==Bibliography==

*Journal reference | Author=Lucas, Robert |
Title=Expectations and the Neutrality of Money |
Journal=Journal of Economic Theory | Year=1972 |
Volume=4 | Pages=103–124
*Journal reference | Author=Lucas, Robert |
Title=Econometric Policy Evaluation: A Critique |
Journal=Carnegie-Rochester Conference Series on
Public Policy | Year=1976 | Volume=1 |
Pages=19–46
*Book reference | Author=Lucas, Robert |
Title=Studies in Business-Cycle Theory |
Publisher=MIT Press | Year=1981 | ID=ISBN
0262620448 

==See also==

*Macroeconomics
*New classical economics
*Rational Expectations

*List of economists
*List of economics consultancies and think tanks
*Bank of Sweden Prize in Economic Sciences in
Memory of Alfred Nobel

==External link==
*http://www.nobel.se/economics/laureates/1995/
Biography