Robert Lucas Jr., American economist and academic, Nobel Prize laureate
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." As of 2020, he ranks as the 11th most cited economist in the world.
1937Sep, 15
Robert Lucas Jr.
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Events on 1937
- 23Jan
Leon Trotsky
The trial of the anti-Soviet Trotskyist center sees seventeen mid-level Communists accused of sympathizing with Leon Trotsky and plotting to overthrow Joseph Stalin's regime. - 21Feb
Spanish Civil War
The League of Nations bans foreign national "volunteers" in the Spanish Civil War. - 12May
United Kingdom of Great Britain and Northern Ireland
The Duke and Duchess of York are crowned as King George VI and Queen Elizabeth of the United Kingdom of Great Britain and Northern Ireland in Westminster Abbey. - 27May
Golden Gate Bridge
In California, the Golden Gate Bridge opens to pedestrian traffic, creating a vital link between San Francisco and Marin County, California. - 22Jul
Judicial Procedures Reform Bill of 1937
New Deal: The United States Senate votes down President Franklin D. Roosevelt's proposal to add more justices to the Supreme Court of the United States.