At the invitation of the Association of Graduate Economics Students (AGES), 1995 Economics Nobel Prize Laureate Robert E. Lucas, Jr. will spend the day of November 13, 2009, on campus as part of the annual AGES prestigious lecture series. He will first meet with graduate students and then give a public lecture. A reception at the department will then follow.
Robert Lucas is a pioneer of modern macroeconomics who redifined the way theory in macroeconomics is approached. It is on his insistence that macroeconomists started thinking of a national economy as the aggregation of independent optimizing units, rather than thinking only in terms of big aggregates. He has also written influencial papers on economic development, a topic that should be the focus of his public lecture.
More details about this day will follow later on this blog.