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Up for sale the "Nobel Prize in Economics" Robert Lucas Hand Signed 4X6 Card.
ES-4605
Robert
Emerson Lucas Jr. (born
September 15, 1937) is an American economist at the University of Chicago,
where he is currently the John Dewey Distinguished Service Professor Emeritus
in Economics and the College. Widely regarded as the central figure in the
development of the new classical approach to
macroeconomics, he
received the Nobel Prize
in Economics in 1995 "for having developed and applied the
hypothesis of rational expectations, and thereby having transformed
macroeconomic analysis and deepened our understanding of economic policy". He has been characterized by N. Gregory Mankiw as "the most influential
macroeconomist of the last quarter of the 20th century." Lucas
was born in 1937 in Yakima, Washington, and
was the eldest child of Robert Emerson Lucas and Jane Templeton Lucas. Lucas
received his B.A. in History in 1959 from the University of Chicago.
While he was attending University of California,
Berkeley as a graduate student in 1959, Lucas left Berkeley due
to financial reasons and returned to Chicago in 1960, earning a Ph.D. in Economics in 1964. His dissertation "Substitution between
Labor and Capital in U.S. Manufacturing: 1929–1958" was written under the
supervision of H. Gregg Lewis and Dale Jorgenson. Lucas studied economics for his Ph.D. on
"quasi-Marxist" grounds. He believed that economics was the true
driver of history, and so he planned to immerse himself fully in economics and
then return to the history department. Following
his graduation, Lucas taught at the Graduate
School of Industrial Administration (now Tepper School of Business)
at Carnegie Mellon University until
1975, when he returned to the University of Chicago. After
his divorce from Rita Lucas, he married Nancy Stokey. They have collaborated in papers on growth theory, public finance, and monetary theory. Lucas has two sons: Stephen Lucas and Joseph
Lucas. A collection of his papers is housed at the Rubenstein Library at Duke University.