14.1 R.lucas Supply Function Origin of New Classical Theories o Since 1980s, Keynesianism has been animadvert by neoclassicism macroeconomIcS OTwo leaders of neoc lassicism macroeconomics are rboert lucas Chicago university) and T.J. Saygent( Minnesota university, whose books named rational expectations and econometrics practice include radical contribute to new classical macroeconomics ONew classical macroeconomics began with R. lucas magnum opus Expectations and the Neutrality of Money", the paper “ Understanding business cycles”in1977. 复且学经济学院14.1 R.lucas Supply Function vOrigin of New Classical Theories ¤Since 1980s, Keynesianism has been animadvert by neoclassicism macroeconomics ¤Two leaders of neoclassicism macroeconomics are Rboert Lucas (Chicago university) and T·J·Saygent( Minnesota university,whose books named “rational expectations and econometrics practice” include radical contribute to new classical macroeconomics. ¤New classical macroeconomics began with R.lucas’ magnum opus “Expectations and the Neutrality of Money” , the paper “Understanding business cycles” in 1977