His doctoral dissertation concerned the substitution between Labor and Capital in U.S. Manufacturing. One of his articles introduced a model in which all individuals can only observe aggregated price changes, a set up which means that they cannot make the right decisions about changing production levels. A related concept to that Islands model is this man's namesake critique which claims that any economic relationships that appear to hold in the real world may become invalid as a response to active fiscal or monetary policy. For 10 points, identify this Chicago economist whose paradox concerns why more capital is not 
His doctoral dissertation concerned the substitution between Labor and Capital in U.S. Manufacturing. One of his articles introduced a model in which all individuals can only observe aggregated price changes, a set up which means that they cannot make the right decisions about changing production levels. A related concept to that Islands model is this man's namesake critique which claims that any economic relationships that appear to hold in the real world may become invalid as a response to active fiscal or monetary policy. For 10 points, identify this Chicago economist whose paradox concerns why more capital is not flowing from developed to developing nations, a 1995 Nobelist better known for expounding the neutrality of money and rational expectations.
His doctoral dissertation concerned the substitution between Labor and Capital in U.S. Manufacturing.
Robert Lucas, Jr.