Loading Economics Nobel Prize
Celebrating breakthroughs in economic sciences.
Loading Economics Nobel Prize
Celebrating breakthroughs in economic sciences.
Economics · 1995
Robert E. Lucas Jr. received the 1995 Nobel Prize in Economics for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy. The contribution became an important reference point for later work in the field. This achievement represents one of the major advances recognized in economics at the time.