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Lucas left a mark on all of Econ, a true intellectual giant. Every development economist remembers the last line of this (justly famous) quote. India *did* grow at the counterfactual rate he set out in 1985, and it's been one of the most transformative changes in 40 years!
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Today is a sad day for economics. Robert E. Lucas, Jr., a great researcher and teacher died this morning.
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