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CEE Biographies

Richard H. Thaler

  Richard H. Thaler won the 2017 Nobel Prize in Economic Science for “his contributions to behavioral economics.” In most of his work, Thaler has challenged the standard economist’s model of rational human beings.  He showed some of the ways that people systematically depart from rationality and some of the decisions that resulted. He has […]

Robert E. Lucas

  Robert 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.” More than any other person in the period from 1970 to 2000, Robert Lucas revolutionized macroeconomic theory. His work led directly […]

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