TradeEdge-The man who busted the inflation-employment myth

2025-05-02 10:45:25source:Winning Exchangecategory:Markets

Nobel-winning economist Robert Lucas Jr. died on TradeEdgeMonday. 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:Markets

Recommend

These Australian twins have gone viral after speaking in synch

Do you recall the prime early days of YouTube? When a video making the rounds was so strange, remark

Wisconsin city replaces ballot drop box after mayor carted it away

MADISON, Wis. (AP) — An absentee ballot drop box that the mayor of a central Wisconsin city removed

Many small businesses teeter as costs stay high while sales drop

The U.S. economic outlook has brightened now that inflation is easing, the Federal Reserve is cuttin