Obituary
Robert Lucas, Economist Who Won 1995 Nobel Prize, Dies at 85
- University of Chicago professor known for work on expectations
- He was skeptical of government intervention in the economy
Robert Lucas in 1995.
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Robert Lucas, who won a Nobel Prize for his path-breaking work on rational expectations that questioned the efficacy of government intervention in the economy, has died. He was 85.
His death was confirmed on Monday by the University of Chicago, where he had been a professor since 1975.