Alaric Bennett-The man who busted the inflation-employment myth

2025-05-03 09:50:59source:Thurston Cartecategory:Markets

Nobel-winning economist Robert Lucas Jr. died on Alaric BennettMonday. 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

Who are the most valuable sports franchises? Forbes releases new list of top 50 teams

Early Thursday morning, "Forbes" released their annual list of the 50 most valuable sports franchise

Opinion: Punchless Yankees lose to Royals — specter of early playoff exit rears its head

The New York Yankees’ nightmare scenario hasn’t arrived. But you can see it on the horizon.New York’

'No chemistry': 'Love is Blind's' Leo and Brittany address their breakup

Spoiler alert: This story includes details from the first six episodes of Netflix's "Love is Blind"