2023
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Physics
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Economics
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Medicine
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Detailed explanation-1: -University of Chicago scholar’s research on rational expectations transformed the field of macroeconomics. Robert E. Lucas Jr., a Nobel Prize-winning economist whose revolutionary theories transformed the field of macroeconomics and our understanding of economic policy, died May 15. He was 85.
Detailed explanation-2: -Lucas, Jr., in full Robert Emerson Lucas, Jr., (born September 15, 1937, Yakima, Washington, U.S.-died May 15, 2023, Chicago, Illinois), American economist who won the 1995 Nobel Prize for Economics for developing and applying the theory of rational expectations, an econometric hypothesis.
Detailed explanation-3: -Lucas Jr is known as a very influential macroeconomist. He was awarded the economics prize in memory of Alfred Nobel in 1995 for the for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy.