Even more important, I had internalized Samuelson’s standards for when an economic question had been properly posed and when it had been answered, and was in a position to take charge of my own economic education. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1995 Born: 15 September 1937, Yakima, WA, USA Affiliation at … Select this result to view Robert W Lucas Jr.'s phone number, address, and more. Since 1982 I have lived with Nancy Stokey, who is now a colleague of mine at Chicago. Navigate parenthood with the help of the Raising Curious Learners podcast. He taught at Carnegie Mellon University from 1963 to 1974 before returning to Chicago to become a professor of economics in 1975. Therefore, the unemployed take jobs more quickly, and the unemployment rate falls. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree.... Get exclusive access to content from our 1768 First Edition with your subscription. My brother Daniel was born in Seattle in 1948. These influences, combined with much that I had learned working with Prescott, came together in my paper, “Expectations and the Neutrality of Money,” which was completed in 1970 and published in 1972. I knew I would never be able to think as fast as Friedman, but I also knew that if I developed a reliable, systematic way for approaching economic problems I would end up at the right place. But by the time I was seventeen I was ready to leave home, a decision my parents agreed to support if I could obtain a scholarship. The role of this paper, certainly the most influential of my writings, is one of the subjects of my Nobel lecture. In Robert E. Lucas, Jr. The model is … Although Simon was no longer working in economics when I came to Carnegie, he was always ready to talk about economics (or any other area of social or management science) at lunch or coffee. “Blu” Lucas Jr,, 49, Fortified with the Sacraments of Holy Mother Church on Sunday March 19, 2017. Robert A. Let us know if you have suggestions to improve this article (requires login). Robert Emerson Lucas, Jr. (born September 15, 1937) is an American economist at the University of Chicago. For me, the influences of my parents, my undergraduate and graduate years at Chicago, and my years at Carnegie Mellon were critical, so it is these influences I have focused on here. All of them began with readings from Plato and Aristotle, and I wanted to learn all I could about the Greeks. Rita and I were separated in 1982, and divorced several years later. Loving son of Robert and Rita Lucas. Dick Roll, a student of Eugene Fama‘s at Chicago, brought the ideas of efficient market theory to GSIA. His Studies in Business-Cycle Theory (1981) collects his research from the 1970s, and Models of Business Cycles (1987) provides an overview of his economic theory. There was a terrific collection of students at Chicago in the early 1960s. by the Laureate. Contact. In 1974 I returned to Chicago as a faculty member. My thesis, which used data from U.S. manufacturing to estimate elasticities of substitution between capital and labor, was written under Harberger and Lewis, and was part of a larger project of Harberger’s analyzing the effects of various changes in the U.S. tax structure. Tasked with a mission to manage Alfred Nobel's fortune and has ultimate responsibility for fulfilling the intentions of Nobel's will. It was lucky for me that one of my undergraduate texts referred to Paul Samuelson‘s Foundations of Economic Analysis as “the most important book in economics since the war.” Both the mathematics and the economics in Foundations were way over my head, but I was too ambitious to spend my summer on the second most important book in economics, and Samuelson’s confident and engaging style kept me going. Dale Jorgenson had served on my Chicago thesis committee, and his work on investment had stimulated me. I accumulated many C’s, but also a lot of time to pursue what I found interesting. For more than a century, these academic institutions have worked independently to select Nobel Laureates in each prize category. You may also light a candle in honor of Robert Lucas Jr.. Rita Cohen, also an undergraduate at Chicago, and I were married in New York in August, 1959, just before I began graduate studies at Berkeley. After every class, I tried to translate what Friedman had done into the mathematics I had learned from Samuelson. He was born to Robert Emerson Lucas and Jane Templeton. He gave all of us at GSIA the feeling of being in the major leagues, and helped us to outgrow the sense that all the important work was going on at Chicago or Cambridge. During my years there, Carnegie-Mellon had a remarkable group of economists interested in dynamics and the formation of expectations. Morton Kamien and Nancy Schwartz had come from Purdue about the time I came from Chicago. Thomas Sargent came to Carnegie-Mellon from Harvard in the middle of writing his thesis, and I remember the discussions he and Roll had about interest rates (that none of the rest of us could follow). Our son Joseph was born in Pittsburgh in January, 1966. My sister Jenepher was born in 1939 and my brother Peter in 1940. At about the same time, Edmund Phelps convinced me that Rapping’s and my model of labor supply needed to be situated in a general equilibrium context. They have also lived in Kennewick, WA and Richland, WA. Robert E. Lucas, Jr., in full Robert Emerson Lucas, Jr., (born Sept. 15, 1937, Yakima, Wash., U.S.), American economist who won the 1995 Nobel Prize for Economics for developing and applying the theory of rational expectations, an econometric hypothesis. Robert E. Lucas Jr. One of these was a project with Leonard Rapping, my closest friend and colleague at that time, in which we undertook to provide a neoclassical account of the behavior of U.S. wages and employment from 1929 to 1958. At Carnegie I became involved in two collaborations, both of which bore immediate fruit and also influenced my thinking for years afterward. According to the Phillips curve, higher inflation causes wages to rise more quickly, thereby fooling unemployed workers into thinking that the higher nominal wages are generous when, in fact, they are simply inflation-adjusted wages. Corrections? Interview with Robert E. Lucas Jr. He had no college degree and no engineering training, and learned the engineering he needed from the people he worked with and from handbooks. In the fall of 1960, I began Milton Friedman‘s price theory sequence. Many Chicago students have tried to answer this question. But when I began the 44 hour train trip “back east” to Chicago, I was pretty sure something interesting would turn up. I had been looking forward to this famous course all summer, but it was far more exciting than anything I had imagined. He is a known figure in the creation of new classical approach to macroeconomics, he received the Nobel Prize in Economics in 1995. Joe is a graduate student in History at Boston University, and his wife Tanya is a resident at Beth Israel Hospital in Boston. He is the John Dewey Distinguished Service Professor Emeritus in Economics and the College. Several outreach organisations and activities have been developed to inspire generations and disseminate knowledge about the Nobel Prize. Robert E. Lucas, Jr. Though I had no real idea what a professional historian does, I had learned that one can make a living by pursuing one’s intellectual interests and writing about them. The paper was a bolder step into new territory than I would have taken then on my own, and the project never would have been undertaken or completed without Leonard’s confidence and his expertise in labor economics. Robert Lucas Jr. was born Robert Emerson Lucas Jr. in Yakima, Washington, US on September 15, 1937. At Berkeley, I took courses in Economic History and audited an economic theory course. I have had a rewarding personal life, intertwined with the intellectual life that I have described in these notes. Robert E. Lucas Jr. Biographical I was born in 1937, in Yakima, Washington, the oldest child of Robert Emerson Lucas and Jane Templeton Lucas. I spent a lot of time in my first years at Carnegie Tech learning the mathematics of dynamical systems and optimization over time, and trying to see how these methods could best be applied to economic questions. Robert E. Lucas 1937- R obert Lucas was awarded 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.” Foi laureado com o Prémio de Ciências Económicas em Memória de Alfred Nobel de 1995 e referenciado por N. Gregory Mankiw como "o macroeconomista mais influente do final do século 20". He received the Nobel Memorial Prize in Economic Sciences in 1995. The Nobel Foundation - Autobiography of Robert E. Lucas, Jr. Lucas, Robert - Student Encyclopedia (Ages 11 and up). During this brief period my whole point of view of economic dynamics took form (along with Ed’s), in a way that has served me well ever since. Saturday Funeral 10:30 a.m. at Hopewell Baptist Church, 6403 Linwood Ave. … He became a craftsman, then a sales engineer, then sales manager, and eventually president of the company. It would be hard to think of a better group of colleagues, given my interests in economic dynamics. I took some mathematics at Chicago, but lost interest soon after my courses got past the material I had half learned in high school. September 3, 1932 - September 21, 2020 (88 years old) Spring Valley, IL Services By Barto Funeral Home - Spring Valley John Bossons and later Michael Lovell studied direct evidence on expectations. In a couple of years we learned large chunks of modern general equilibrium theory, functional analysis, and probability theory, and wrote a paper, “Investment under Uncertainty,” that reformulated John Muth’s idea of rational expectations in a useful way. Luca Benati & Robert E. Lucas & Juan Pablo Nicolini & Warren E. Weber, 2017. Lucas attended the University of Chicago, earning degrees in history (A.B., 1959) and economics (Ph.D., 1964). I decided to move into economics and, since there appeared to be no hope of financial support from Berkeley’s Economics Department, I returned to Chicago. My interest in probability and statistics stemmed from an interest in econometrics, stimulated by courses of Zvi Griliches and Gregg Lewis. Robert Lucas Jr. was born on September 15, 1937, in Yakima, Washington DC. With no Greek or French and minimal Latin and German, I was in no position to pursue my classical interests, so I began work at Berkeley with little more than an open mind. Building on rational expectations concepts introduced by the American economist John Muth, Lucas observed that people tend to anticipate the consequences of any…, … (developed by the American economist Robert Lucas), rational economic agents anticipate and respond to policies; their behaviour, and therefore the “structure” of markets, cannot be taken as given. There was also plenty of interesting economics going on at Chicago. Select this result to view Robert G Lucas's phone number, address, and more. I tried to hold on to the New Deal politics I had grown up with, and remember voting for Kennedy in 1960. Robert E. LUCAS, Jr. Unioersity of Chicago, Chicago, IL 60637, USA Received August 19~7, final version received February 1988 7~ paper considers the prosl~:ts for constructing a neoclassical theory of gcowth and infema- ~ional trade that is consistent with some of the main features of economic development. Since Chicago did not have an engineering school, this ended my engineering career. But however we voted, Friedman’s students came away with the sense that we had acquired a powerful apparatus for thinking about economic and political questions. Now if a course did not promise to be a life-changing experience, I lost interest and attended only sporadically. I obtained a Woodrow Wilson Doctoral Fellowship, and entered the graduate program in History at the University of California. This article was most recently revised and updated by, https://www.britannica.com/biography/Robert-E-Lucas-Jr. Investopedia - Biography of Robert E. Lucas Jr. My closest friends were Glen Cain, Neil Wallace, Sherwin Rosen, and G.S. Arnold Harberger’s sequence in public finance was a lasting influence on me too. He has a younger sister named Jenepher and two younger brothers named Peter and Daniel. My sister Jenepher was born in 1939 and my brother Peter in 1940. Published in volume 105, issue 5, pages 85-88 of American Economic Review, May 2015, Abstract: This paper describes a growth model with the property that human capital accumulation can account for all observed growth. Robert H. Lucas IIIStaunton - Robert Howard "Lou" Lucas, III, 60, of Staunton, received the promise of the resurrection on Monday, March 30, 2020, at his sister's residence in Stuarts Draft.He was bor Donald Bear, a new Assistant Professor from Stanford, taught a valuable mathematical economics course, and gave valuable encouragement to technically inclined students. He was brought up alongside three siblings, Peter, Daniel and Jenepher. The restaurant was a casualty of the 1937-38 downturn, and during World War II our family moved to Seattle, where my father found work as a steamfitter in the shipyards and my mother resumed her earlier career as a fashion artist. What made it so? The information is sometimes updated with an addendum submitted Friedman’s course ended my long career as a conscientious, near-straight A student. After the war, my father found a job as a welder at a commercial refrigeration company, Lewis Refrigeration. Everything in these courses was new to me. It was my first taste of real applied mathematics, and an exciting one. I still pick up Feller’s book from time to time, as I do Samuelson’s, just for the pleasure of the author’s company. Robert Lucas Jr. (WDIV) DETROIT – It's been nearly 14 years since Robert Lucas Jr. was found shot to death in Detroit, and his family is still seeking answers. From Les Prix Nobel. My brother Daniel was born in Seattle in 1948. Genealogy for Robert Lucas, Jr. (c.1515 - 1551) family tree on Geni, with over 200 million profiles of ancestors and living relatives. I liked economics at once, but it was obvious that to apply it with any confidence I would need to know much more than I could pick up on the side as a history student. Updates? We have an apartment on Chicago’s north side, and a summer house on Lake Michigan, in Door County, Wisconsin. This occasion ranks high among the professional pleasures and honors I have received. LUCAS ROBERT LUCAS, JR. Beloved brother of Lela Mae Green and Lawrence Brooks. They have also lived in Flanders, NJ and Milford, CT plus 1 other location. The most exciting modern historian I had read at Chicago had been the Belgian historian Henri Pirenne, whose account of the end of the Roman era stressed the continuity of economic life in the face of major political disruptions. Robert is related to Cielo Lucas. Ph.D., University of Chicago, 1964. He is widely regarded as the central figure in the development of the new classical approach to macroeconomics. My parents were admirers of President Roosevelt and the New Deal. People Projects Discussions Surnames Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Chicago has been a marvellous place for me, as I knew it would be from my student experiences, and I have been stimulated by colleagues and graduate teaching into research on monetary theory, international-trade, fiscal policy, and economic growth: all the basic topics in macroeconomics. MLA style: Robert E. Lucas Jr. – Biographical. By the beginning of fall quarter I was as good an economic technician as anyone on the Chicago faculty. 1 Dec 2020. In 1980 I became the John Dewey Distinguished Service Professor at Chicago, the position I hold today. JOURNAL OF ECONOMIC THEORY 4, 103-124 (1972) Expectations and the Neutrality of Money ROBERT E. LUCAS, JR. Graduate School of Industrial Administration, Carnegie-Mellon University, Pittsburgh, Pennsylvania 15213 Received September 4, 1970 1. I remember discussions, with my mother especially, of religion (she was a liberal protestant), of decor (she favored hardwood floors and oriental rugs), even on how to choose what kind of cigarette to smoke. Robert Emerson Lucas, Jr. (born 15 September, 1937) is an American economist at the University of Chicago, who received the Nobel Prize in Economics in 1995. Bob was born on Martha’s Vineyard in 1962. My parents had moved to Yakima from Seattle, to open a small restaurant, The Lucas … He taught at the Graduate School of Industrial Administration at Carnegie-Mellon University from 1963 until 1975, when he returned to the University of Chicago. Lucas found that individuals will offset the intended results of national fiscal and monetary policy by making private economic decisions based on past experiences and anticipated results. This implies that the OCA criteria will change with monetary integration itself and cannot be evaluated before it has taken place.…. That problem defeated us, but in the course of failing to solve it we found ourselves talking and corresponding about everything in economic dynamics. She co-authored with Robert Lucas, Jr. and Edward Prescott a book on Recursive Methods in Economic Dynamics that is widely used by research economists and graduate students. In 2001 Lucas published Lectures on Economic Growth, a collection of his writings on economic growth. The real excitement for me was in the liberal arts core of the Chicago College, courses from the Hutchins era with names like History of Western Civilization, and Organization, Methods, and Principles of Knowledge. Morris DeGroot taught a course in statistical decision theory that influenced Edward Prescott, and through Ed, me. I was born in 1937, in Yakima, Washington, the oldest child of Robert Emerson Lucas and Jane Templeton Lucas. The Library of Economics and Liberty - Biography of Robert E. Lucas. During World War II, his family moved to Seattle where he father began working as a welder in a refrigeration company… This autobiography/biography was written When I took calculus in high school, he enlisted my help on a refrigeration design problem he was working on – and actually used my calculations! David Cass, who came to Carnegie-Mellon in 1971, had earlier aroused my interest in Samuelson’s overlapping generations model of a monetary economy. In the early 1970s the American economist Robert Lucas developed what came to be known as the “Lucas critique” of both monetarist and Keynesian theories of the business cycle. But the main features of one’s approach to science, like the main features of one’s personality more generally, are set early on. Lucas questioned the assumptions behind the Phillips curve, which had been thought to show that a government can lower the rate of unemployment by increasing inflation. He received his B.A. For me, Pirenne’s shift of focus away from emperors and dreary Merovingian kings and on to the daily lives of private citizens was novel and exciting, and fit my sense of what was important. My sister Jenepher was born in 1939 and my brother Peter in 1940. The idea that one could decide for oneself what kind of person to be, and that one ought to think about these decisions, was not limited to politics. Professor Robert E. Lucas Jr., 26 Oct 2020 Leave a comment. American economist Robert Lucas carried monetarism one step further: if economic agents were perfectly rational, they would correctly anticipate any effort on the part of governments to increase aggregate demand and adjust their behaviour. He has been characterized by N. Gregory Mankiw as "the most influential macroeconomist of the last quarter of the 20th century." Prix Nobel/ Nobel Lectures/The Nobel Prizes. He … In May, 1995, Rao Aiyagari organized a 25th Anniversary Conference for this paper, sponsored by the Federal Reserve Bank of Minneapolis. Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize. Nobel Media AB 2020. GSIA’s leading intellectual figure was Herbert Simon. Building on rational expectations concepts introduced by the American economist John Muth, Lucas… Read More; development by Lucas. Once my thesis was finished, I began theoretical work on the decisions of business firms to invest in physical capital and in improved technology. was born in 1937, in Yakima, Washington, the oldest child of Robert Emerson Lucas and Jane Templeton Lucas. I did not have the nerve to major in Physics, which is what you did at Chicago in those days if you thought you could make it. More generally, Lucas’s work led to something called the “policy ineffectiveness proposition,” the idea that if people have rational expectations, policies that try to manipulate the economy by creating false expectations may introduce more “noise” into the economy but will not improve the economy’s performance. . in History in 1959 and Ph.D. in Economics in 1964, both from the University of Chicago. I remember many technical and managerial discussions with him, as well as our ongoing political arguments. Robert E. Lucas, Jr., in full Robert Emerson Lucas, Jr., (born Sept. 15, 1937, Yakima, Wash., U.S.), American economist who won the 1995 Nobel Prize for Economics for developing and applying the theory of rational expectations, an econometric hypothesis. The John Dewey Distinguished Service Professor Emeritus in Economics and the College (at Chicago since 1974). Robert Lucas . Our monograph, Recursive Methods in Economic Dynamics, was published in 1989. Robert Emerson Lucas Jr. was born September 15, 1937, in Yakima, Washington. Edward Prescott had come to GSIA as a doctoral student in the same year I joined the faculty, and we were immediate friends. Steve is now a securities trader at the Chemical Bank in New York. Edward C. Prescott is Regents’ Professor and Professor of Economics at Arizona State University and Senior Monetary Advisor to the Federal Reserve Bank of Minneapolis. Human Capital and Growth by Robert E. Lucas Jr.. Articles from Britannica Encyclopedias for elementary and high school students. NobelPrize.org. The best result we found for your search is Robert G Lucas age 50s in Palm Beach Gardens, FL in the Pga National neighborhood. I took a sequence in Ancient History, and became a history major. Robert Emerson Lucas Jr. is a New Classical economist at the University of Chicago, renowned for his prominent role in developing microeconomic foundations for … What to do instead? Robert Felton Lucas Jr., 71, of Wheeling, passed away Monday, March 16, 2020 at his home. Intense student discussions ranged far beyond technical economics. The restaurant was a casualty of the 1937-38 downturn, and during World War II our family moved to Seattle, where my father found work as a steamfitter in the shipyards and my mother resumed her earlier career as a fashion artist. Foremost, of course, was John Muth, my colleague in my first three years there. [1] Foi um dos que assinaram uma petição para que o governo americano não … The Lucas family is saddened to announce the passing of Robert P. Lucas Jr. on Friday, Sept. 6, 2019. Bob, you couldn’t,” my sister had said, and she was right (for then!). Lucas argued, however, that workers cannot be fooled again and again; higher inflation will ultimately fail to lead to lower unemployment. Department of Economics 1126 East 59th Street Chicago, IL 60637 Email: relucas (at) uchicago.edu Assistant: Virginia Bova Saieh Hall for Economics 438A Robert Emerson Lucas, Jr. (Yakima, 15 de setembro de 1937) é um economista estadunidense da Universidade de Chicago. A few years later, when Ed had become a faculty member at Penn, I enlisted his help on a theoretical project I had begun on the dynamics of an imperfectly competitive industry. My parents had moved to Yakima from Seattle, to open a small restaurant, The Lucas Ice Creamery. This concept of “rational expectations” means that macroeconomic policy measures are ineffective not…, …early 1970s the American economist Robert Lucas developed what came to be known as the “Lucas critique” of both monetarist and Keynesian theories of the business cycle. Robert is related to Robert J Lucas and Beverlee Ann Alea as well as 4 additional people. I attended Seattle Public Schools, graduating from Roosevelt High School (where my parents had graduated in 1927) in 1955. Tue. Lucas is also known for his contributions to investment theory, international finance, and economic growth theory. During the rest of that academic year I took some undergraduate economics at Chicago and one or two graduate courses, to prepare for my real start as a graduate student the next fall. Maddala, and there were many others who now have international reputations. Our son Stephen was born in Chicago in September, 1960. Born in 19 Jun 1919 and died in 11 Jul 1960 Natchez, Mississippi Robert Lucas Jr. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica. In 1963 Richard Cyert, the new Dean of the Graduate School of Industrial Administration at Carnegie Institute of Technology (now Carnegie-Mellon University), offered me a faculty position. Economists of my cohort all over the world were engaged in this enterprise in the 1960s, and I remember exciting conferences on this theme at Chicago and Yale, led by Hirofumi Uzawa. With heavy hearts, we announce the death of Robert Lucas Jr. of Mooresboro, North Carolina, born in Charleston, South Carolina, who passed away on October 25, 2020 at the age of 62. He is the oldest child of Robert Emerson Lucas and Jane Templeton. Leave a sympathy message to the family on the memorial page of Robert Lucas Jr. to pay them a last tribute. All my spare time that summer went in to working through the first four chapters, line by line, going back to my calculus books when I needed to. In 1937, their restaurant called The Lucas Ice Creamery was shut down due to the economic recession. To cite this section For many of us, the shock wave of Friedman’s libertarian-conservative ideas forced a rethinking of our whole social philosophy. Our editors will review what you’ve submitted and determine whether to revise the article. My parents had moved to Yakima from Seattle, to open a small restaurant, The Lucas Ice Creamery. at the time of the award and later published in the book series Les I took my first rigorous analysis courses, and a statistics course using Volume I of William Feller’s An Introduction to Probability Theory and Its Applications. Robert E. Lucas, Jr., is John Dewey Distinguished Service Professor of Economics at the University of Chicago. The Nobel Prizes 1995, Editor Tore Frängsmyr, [Nobel Foundation], Stockholm, 1996. Their parents and most of our relatives and neighbors were Republicans, so they were self conscious in their liberalism and took it as emblematic of their ability to think for themselves. Since then, our collaboration has been a domestic one only . MIT did not grant me one but the University of Chicago did. Considered the intellectual leader of the new classical school of economic thought and of the rational expectations theory, Robert Lucas, University of Chicago, has guest lectured across the United States and in China, Finland, England, Israel and Canada. I was good at math and science, and it was expected that I would attend the University of Washington in Seattle and become an engineer. Dear brother of Ken (Hope) Lucas and Paul (Sara) Lucas Known as “Blu” to many of his friends, he was passionate about music whether playing with a band, hosting karaoke, or as DJ at a wedding. We have collaborated in papers on growth theory, public finance, and monetary theory. Twelve laureates were awarded a Nobel Prize in 2020, for achievements that have conferred the greatest benefit to humankind. I had met Allan Meltzer and Leonard Rapping at my job seminar there, and I knew GSIA would be a stimulating and congenial place for me. Robert Emerson Lucas Jr. (born September 15, 1937) is an American economist at the University of Chicago. In 1995, he was awarded the Nobel Prize in Economics. Three Certainly Friedman’s brilliance and intensity, and his willingness to follow his economic logic wherever it led all played a role. Robert E. Lucas, Jr. - Prize Lecture: Monetary Neutrality, The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1995. His work, which gained prominence in the mid-1970s, questioned the conclusions of John Maynard Keynes in macroeconomics and the efficacy of government intervention in domestic affairs. “Nixon? by Robert E. Lucas Jr. , Robert E Lucas , Max Gillman $69.08 One of the outstanding monetary theorists of the past 100 years, Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. Omissions? I began to think about an academic career. Green Bay finally punted for the first time in its opening series of the second half, but Rodgers followed that up with a 39-yard touchdown pass to Robert … The second best result is Robert W Lucas Jr. age 60s in Hackettstown, NJ. Lucas edited or coedited several economics journals and served for a time as president of the American Economic Association and the Econometric Society.