Robert Lucas, Recipient of the 1995 Nobel Memorial Prize in Economics
回顾卢卡斯对经济动态理论和实践的变革性贡献,包括他提出的卢卡斯批判以及在经济周期、增长、货币政策等领域的开创性分析,对宏观经济学家有重要参考价值。
Over the last thirty years, the theory and practice of economic dynamics have undergone an extraordinary transformation. Robert Lucas has been and continues to be the leader of this transformation. He has provided economists with new tools and new ways of thinking about dynamic problems. Moreover, in the process, he has provided new answers to many of the problems of greatest concern to macroeconomists. From investment to unemployment, economic growth to monetary policy, monetary theories of the business cycle to income distribution, one can find a seminal and pathbreaking analysis from Lucas. In my review I will focus first on Lucas's vital contributions to economists' general approach to the subject. Then I will discuss some of his specific substantive applications of the approach. Each application alone represents a contribution that would have established Lucas as a major figure within the world economics profession.