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He was one of last year's winners of the Nobel Memorial Prize in Economic Sciences, for his work on the struggles facing low-income economies, and in particular their home-grown businesses.

Claudia Goldin, an economic historian at Harvard University, this week won the Nobel Memorial Prize in Economic Sciences for her influential work identifying the driving forces behind women’s unequal participation in the workforce.

This year’s Nobel Memorial Prize in Economic Sciences goes to Claudia Goldin of Harvard University, for research that reveals the driving forces behind gender differences in earnings and employment rates.

In awarding the Nobel Memorial Prize in Economic Sciences in 1995 to Professor Lucas, the fifth winner in economics from the University of Chicago in six years, the Swedish Royal Academy of Sciences described him as “the economist who has had the greatest influence on macroeconomic research since 1970.”

In a 2013 study for the Center for Economic and Policy Research — a liberal-leaning think tank whose contributors include Nobel Memorial Prize in Economic Sciences winners Robert Solow and Joseph Stiglitz — it was determined that if the United States adopted a less time-intensive weekly work model, it could through that alone take a large bite out of the greenhouse gas emissions fueling climate change.