Robert E. Lucas
University of Chicago
Robert Emerson Lucas Jr. was an American economist at the University of Chicago. Widely regarded as the central figure in the development of the new classical approach to macroeconomics, he received the Nobel Memorial Prize in Economic Sciences 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". N. Gregory Mankiw characterized him as "the most influential macro
Read biography ↓Biography, research & contributions
Robert Emerson Lucas Jr. was an American economist at the University of Chicago. Widely regarded as the central figure in the development of the new classical approach to macroeconomics, he received the Nobel Memorial Prize in Economic Sciences 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". N. Gregory Mankiw characterized him as "the most influential macroeconomist of the last quarter of the 20th century". In 2020, he ranked as the 10th most cited economist in the world.
Affiliation
University of Chicago
Top Publications
- On the mechanics of economic development (1988) - 23,871 citations
- Econometric policy evaluation: A critique (1976) - 5,655 citations
- Asset Prices in an Exchange Economy (1978) - 5,197 citations
- Expectations and the neutrality of money (1972) - 4,825 citations
- On the Size Distribution of Business Firms (1978) - 3,285 citations
At a glance
- Full name
- Robert E. Lucas
- OpenAlex ID
- https://openalex.org/A5108663808
Research interests
- Economic theories and models, Economic Theory and Policy, Monetary Policy and Economic Impact, Economic Growth and Productivity, Labor market dynamics and wage inequality
Research topics
Education
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Selected research & further reading
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See the source-linked reading and original works in the research guide above.
Citation & publication trends
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Source: OpenAlex · Retrieved 2026-10-07. Metrics are database-specific and are not a scientific ranking.
Most-cited linked publications
Publications matched across ORCID and OpenAlex. Citation counts are source-specific.
- On the mechanics of economic development ↗1988 · Journal of Monetary Economics23,871OpenAlex citations
- Econometric policy evaluation: A critique ↗1976 · Carnegie-Rochester Conference Series on Public Policy5,655OpenAlex citations
- Asset Prices in an Exchange Economy ↗1978 · Econometrica5,197OpenAlex citations
- Expectations and the neutrality of money ↗1972 · Journal of Economic Theory4,825OpenAlex citations
- On the Size Distribution of Business Firms ↗1978 · The Bell Journal of Economics3,285OpenAlex citations
Recent linked publications
Publications matched across ORCID and OpenAlex. Citation counts are source-specific.
- On the mechanics of economic development ↗1988 · Journal of Monetary Economics
- Econometric policy evaluation: A critique ↗1976 · Carnegie-Rochester Conference Series on Public Policy
- Asset Prices in an Exchange Economy ↗1978 · Econometrica
- Expectations and the neutrality of money ↗1972 · Journal of Economic Theory
- On the Size Distribution of Business Firms ↗1978 · The Bell Journal of Economics
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Awards & honors
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Career timeline
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Co-authors
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Sign in to claim this profileSources & data information
Editorial review: 2026-10-07 · Last data update: 2026-10-07 21:32:25
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