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| 1 | SENATE RESOLUTION
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| 2 | WHEREAS, The members of the Illinois Senate are saddened | ||||||
| 3 | to learn of the death of Robert E. Lucas Jr. of Chicago, who | ||||||
| 4 | passed away on May 15, 2023 at 85 years old; and
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| 5 | WHEREAS, Robert Lucas was born to Jane (Templeton) Lucas | ||||||
| 6 | and Robert Lucas Sr. in Yakima, Washington on September 15, | ||||||
| 7 | 1937; he studied history as an undergraduate at the University | ||||||
| 8 | of Chicago and then enrolled in a graduate history program at | ||||||
| 9 | the University of California, Berkeley; he returned to the | ||||||
| 10 | University of Chicago as a student under economist Milton | ||||||
| 11 | Freidman, earning his doctorate in economics in 1964; and
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| 12 | WHEREAS, Robert Lucas married fellow University of Chicago | ||||||
| 13 | student Rita Cohen in 1959, and they later separated in 1982; | ||||||
| 14 | his later-life partner was Professor Nancy L. Stokey, with | ||||||
| 15 | whom he collaborated on some of his research at the University | ||||||
| 16 | of Chicago; and
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| 17 | WHEREAS, Robert Lucas taught at what is now Carnegie | ||||||
| 18 | Mellon University from 1963 through 1974; he then returned to | ||||||
| 19 | the University of Chicago in 1975, where he remained as a | ||||||
| 20 | professor emeritus until his death; and
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| 21 | WHEREAS, Robert Lucas won the Nobel Memorial Prize in | ||||||
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| 1 | Economic Sciences in 1995 for his work on "rational | ||||||
| 2 | expectations"; he challenged economist John Maynard Keynes's | ||||||
| 3 | ideas of supporting government intervention by insisting that | ||||||
| 4 | people have rational expectations from past experiences to | ||||||
| 5 | undermine interventionist policies; and
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| 6 | WHEREAS, Robert Lucas embraced supply-side economics and | ||||||
| 7 | argued for increasing the supply of goods and cutting taxes | ||||||
| 8 | for job growth; he was described as the economist who had had | ||||||
| 9 | the greatest influence on macroeconomic research since 1970 by | ||||||
| 10 | the Swedish Royal Academy of Sciences; and
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| 11 | WHEREAS, Robert Lucas is survived by his sons, Stephen and | ||||||
| 12 | Joseph; his partner, Nancy L. Stokey; his sister, Jenepher | ||||||
| 13 | Spurr; his brother, Peter; and five grandchildren; therefore, | ||||||
| 14 | be it
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| 15 | RESOLVED, BY THE SENATE OF THE ONE HUNDRED THIRD GENERAL | ||||||
| 16 | ASSEMBLY OF THE STATE OF ILLINOIS, that we mourn the passing of | ||||||
| 17 | Robert E. Lucas Jr. and extend our sincere condolences to his | ||||||
| 18 | family, friends, and all who knew and loved him; and be it | ||||||
| 19 | further
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| 20 | RESOLVED, That a suitable copy of this resolution be | ||||||
| 21 | presented to the family of Robert Lucas as an expression of our | ||||||
| 22 | deepest sympathy.
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