The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1995 was awarded to Robert E. Lucas Jr. "for having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy"
Keynesianism had taken some lumps by the early 1970s, but it was still the dominant school in macroeconomics. Then Robert E. Lucas Jr . came along. The…
Climate change will radically alter how poor countries pursue economic development with ramifications for national development strategies, the field of global development, and the shape of international security.
New Delhi: World Bank President David Malpass today announced the selection of Indermit Gill as the Chief Economist of the World Bank Group and Senior Vice President for Development Economics.“Indermit Gill brings to this role a combination of leader