{"id":9714,"date":"2013-09-25T12:55:51","date_gmt":"2013-09-25T16:55:51","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/news\/?p=9714"},"modified":"2023-08-31T12:04:08","modified_gmt":"2023-08-31T16:04:08","slug":"nobel-laureate-robert-e-lucas-jr-speaks-october-7","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/news\/2013\/09\/nobel-laureate-robert-e-lucas-jr-speaks-october-7\/","title":{"rendered":"Nobel Laureate Robert E. Lucas, Jr. speaks October 7"},"content":{"rendered":"<p>Nobel laureate Dr. Robert E. Lucas, Jr. will discuss \u201cThe Logic of Entitlement Reform\u201d in the Burkett Miller Distinguished Lecture Series on Monday, October 7, at noon in the UTC University Center Auditorium.\u00a0 \u00a0This event is free and open to the public; however, seating is limited and on a first-come, first-served basis.\u00a0<!--more--><\/p>\n<div id=\"attachment_9715\" class=\"wp-caption alignright\" ><a href=\"https:\/\/blogarchive.utc.edu\/news\/files\/2013\/09\/Lucas2-photo-received-by-UTC-on-20121217.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"600\" data-attachment-id=\"9715\" data-permalink=\"https:\/\/blogarchive.utc.edu\/news\/2013\/09\/nobel-laureate-robert-e-lucas-jr-speaks-october-7\/lucas2-photo-received-by-utc-on-20121217\/\" data-orig-file=\"https:\/\/blogarchive.utc.edu\/news\/files\/2013\/09\/Lucas2-photo-received-by-UTC-on-20121217.jpg\" data-orig-size=\"400,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5.6&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS-1D Mark IV&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1287663667&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;110&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.005&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Lucas2 photo received by UTC on 20121217\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Dr. Robert Lucas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/blogarchive.utc.edu\/news\/files\/2013\/09\/Lucas2-photo-received-by-UTC-on-20121217.jpg\" class=\"size-full wp-image-9715 \" alt=\"Dr. Robert Lucas\" src=\"https:\/\/blogarchive.utc.edu\/news\/files\/2013\/09\/Lucas2-photo-received-by-UTC-on-20121217.jpg\" style=\"max-width: 100%;\"style=\"max-width: 100%;\" srcset=\"https:\/\/blogarchive.utc.edu\/news\/files\/2013\/09\/Lucas2-photo-received-by-UTC-on-20121217.jpg 400w, https:\/\/blogarchive.utc.edu\/news\/files\/2013\/09\/Lucas2-photo-received-by-UTC-on-20121217-200x300.jpg 200w, https:\/\/blogarchive.utc.edu\/news\/files\/2013\/09\/Lucas2-photo-received-by-UTC-on-20121217-133x200.jpg 133w, https:\/\/blogarchive.utc.edu\/news\/files\/2013\/09\/Lucas2-photo-received-by-UTC-on-20121217-266x400.jpg 266w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p class=\"wp-caption-text\">Nobel laureate Dr. Robert E. Lucas, Jr.<\/p><\/div>\n<p>Lucas is the John Dewey Distinguished Service Professor of Economics at The University of Chicago, a Fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Philosophical Society, and a member of the National Academy of Sciences.\u00a0 He is a past president of the Econometric Society and the American Economic Association.\u00a0 In 1995, he received the Nobel Memorial Prize in Economic Sciences and was recognized by the Royal Swedish Academy of Sciences \u201cfor having developed and applied the hypothesis of rational expectations, and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy.\u201d\u00a0 Prior to his Chicago appointment, Lucas was a member of the faculty of the Graduate School of Industrial Administration at Carnegie-Mellon University from 1963 until 1974.<\/p>\n<p>Recent theoretical research in economics has made real progress in formulating and addressing topics like entitlement reform logic.\u00a0 Lucas would like to present the simple logic of economists\u2019 proposed solutions and, most importantly, request the audience\u2019s reactions to these new ideas.<\/p>\n<p>\u201cDr. Lucas won the Nobel Prize for his work in rational expectations. The struggle over entitlements arises from the gap between expectations and fiscal reality and his insights into the problem have led the way to a deeper understanding of both the problem and possible solutions,\u201d said Dr. J.R. Clark, who holds the Scott L. Probasco, Jr. Chair of Free Enterprise at UTC.<\/p>\n<p>Dr. Russell S. Sobel will critique the speech.\u00a0 Sobel earned his Ph.D. in economics from Florida State University.\u00a0 He has authored over 150 books and articles, including a Principles of Economics textbook.\u00a0 His research has appeared in the <i>Journal of Political Economy<\/i><b> <\/b>and <i>The Journal of Law and Economics<\/i><b>, <\/b>as well as media outlets such as <i>The\u00a0New York Times, The Wall Street Journal, The Economist Magazine,<\/i><b>\u00a0<\/b>and the CBS Evening News.\u00a0 He serves on the editorial board for three academic journals, and has won numerous awards for both his teaching and his research. \u00a0 Sobel is a Visiting Scholar in Entrepreneurship at The Citadel.<\/p>\n<p>The Scott L. Probasco, Jr. Chair of Free Enterprise sponsors this event.\u00a0 For more information on the speaker and speech, contact the J.R. Clark, Probasco Chair, at 423-425-4118.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nobel laureate Dr. Robert E. Lucas, Jr. will discuss \u201cThe Logic of Entitlement Reform\u201d in the Burkett Miller Distinguished Lecture Series on Monday, October 7, at noon in the UTC University Center Auditorium.\u00a0 \u00a0This event is free and open to the public; however, seating is limited and on a first-come, first-served basis.\u00a0<\/p>\n<p class=\"more-link-wrap\"><span><a class=\"more-link button text\" href=\"https:\/\/blogarchive.utc.edu\/news\/2013\/09\/nobel-laureate-robert-e-lucas-jr-speaks-october-7\/\">Continue Reading <\/a><\/span><\/p>\n","protected":false},"author":294,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","_ef_editorial_meta_checkbox_slider":"","_ef_editorial_meta_checkbox_featurette":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[70,12659,57,10170,123207],"tags":[7218,4997],"class_list":{"0":"post-9714","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-academics","7":"category-events-entertainment","8":"category-college-of-business","9":"category-lectures-and-speakers","10":"category-probasco-chair","11":"tag-burkett-miller-distinguished-lecture-series","12":"tag-scott-l-probasco-jr-chair-of-free-enterprise","13":"entry","14":"has-post-thumbnail"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nobel Laureate Robert E. 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