There’s nothing new or surprising about this, yet this seemingly common wisdom wasn’t a part of economic modeling until the work of Bob Lucas. It’s not surprising that the Nobel Committee acknowledged ...

Robert E. Lucas, Jr., received the Nobel Memorial Prize in Economic Science in 1995 and is the John Dewey Distinguished Professor of Economics at the University of Chicago, where he has taught since ...

Tell us what you think. E-mail comments or questions to the editors at letters@northwestern.edu. The following are recipients of the Nobel Prize who are affiliated with Northwestern. Year indicated is ...

Awarded for the first time in 1969, the Nobel Memorial Prize in Economic Science is the Johnny-come-lately Nobel Prize. Since its beginnings, the prize category has been heavily dominated by ...