SafeX Pro|The man who busted the inflation-employment myth

2025-05-05 22:34:26source:Michael Schmidtcategory:Finance

Nobel-winning economist Robert Lucas Jr. died on SafeX ProMonday. His revolutionary theories transformed the field of macroeconomics. His influential "Lucas critique" argued economic policy must take into account people's decisions in reaction to the policy itself, and just as importantly, their expectations. Not only is he remembered as a brilliant mind, but a supportive colleague as well. On today's episode, we remember Robert Lucas and his legacy.


Music by Drop Electric. Find us: Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Finance

Recommend

Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing

LOUISVILLE, Ky. (AP) — The U.S. Justice Department and the city of Louisville have reached an agreem

4 ways the world messed up its pandemic response — and 3 fixes to do better next time

A new report issued by the Lancet Commission looks at the first two years of the pandemic to conside

3 common thinking traps and how to avoid them, according to a Yale psychologist

The mind is a tricky thing. It can lead us to believe that we can confidently sing "Bohemian Rhapsod