Nobel Laureate Economist. He was best known for earning the 1995 Nobel Prize for Economics for developing and applying the theory of rational expectations, an econometric hypothesis. He attended the University of Chicago, earning degrees both in history (A.B., 1959) and economics (Ph.D., 1964). He later taught at Carnegie Mellon University from 1963 to 1974 before returning to his alma mater, the University of Chicago, to become a professor of economics in 1975. During his career in academia, he found that individuals will offset the intended results of national fiscal and monetary policy by making private economic decisions based on past experiences and anticipated results. This led to the development and application of the theory of rational expectations, an econometric hypothesis. His work questioned the conclusions of economist John Maynard Keynes and became very prominent in the mid-1970s. His work in this area earned him the Nobel Prize for Economics in 1995. He also made other significant contributions to the area of economics. He wrote many articles and books in the field of economics. He also has been characterized by some as the most influential macroeconomist of the last half of the 20th Century.

Nobel Laureate Economist. He was best known for earning the 1995 Nobel Prize for Economics for developing and applying the theory of rational expectations, an econometric hypothesis. He attended the University of Chicago, earning degrees both in history (A.B., 1959) and economics (Ph.D., 1964). He later taught at Carnegie Mellon University from 1963 to 1974 before returning to his alma mater, the University of Chicago, to become a professor of economics in 1975. During his career in academia, he found that individuals will offset the intended results of national fiscal and monetary policy by making private economic decisions based on past experiences and anticipated results. This led to the development and application of the theory of rational expectations, an econometric hypothesis. His work questioned the conclusions of economist John Maynard Keynes and became very prominent in the mid-1970s. His work in this area earned him the Nobel Prize for Economics in 1995. He also made other significant contributions to the area of economics. He wrote many articles and books in the field of economics. He also has been characterized by some as the most influential macroeconomist of the last half of the 20th Century.

Bio by: Mr. Badger Hawkeye