Nobel Prize Winner and former CEA Member Join ACCF CPR Board of Scholars

The American Council for Capital Formation announces the addition of two distinguished economists to its Center for Policy Research Board of Scholars.

Robert Lucas 
is The John Dewey Distinguished Service Professor in Economics and the College (at Chicago since 1974). He won the Nobel Prize in Economics in 1995 for his work on the rational expectations hypothesis, emergence of an equilibrium theory of business cycles, insights into the difficulties of using economic policy to control the economy, and possibilities of reliably evaluating economic policy with statistical methods.  Lucas is a Fellow of the Econometric Society, a Member of the National Academy of Sciences.  He is a past president of both the  Econometric Society and the American Economic Association.



Allan H. Meltzer is the Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University. He is the author of History of the Federal Reserve, Volume I: 1913-1951 (University of Chicago Press, 2002), a definitive research work on the Federal Reserve System. He has been a member of the President’s Economic Policy Advisory Board, an acting member of the President’s Council of Economic Advisers, and a consultant to the U.S. Treasury Department and the Board of Governors of the Federal Reserve System. In 1999 and 2000, he served as the chairman of the International Financial Institution Advisory Commission, which was appointed by Congress to review the role of the International Monetary Fund, the World Bank, and other institutions. The author of several books and numerous papers on economic theory and policy, Mr. Meltzer is also a founder of the Shadow Open Market Committee.