We present the r-band luminosity function for a sample of 18,678 galax
ies, with average redshift z = 0.1, from the Las Campanas Redshift Sur
vey (LCRS). The luminosity function may be fitted by a Schechter funct
ion with M = -20.29 +/- 0.02 + 5 log h, alpha = -0.70 +/- 0.05, and p
hi = 0.019 +/- 0.001 h(3) Mpc(-3), for absolute magnitudes -23.0 less
than or equal to M - 5 log h less than or equal to -17.5 and h = H-0/
(100 km s(-1) Mpc(-1)). Over the same absolute magnitude range, the me
an galaxy density is 0.029 +/- 0.002 h(3) Mpc(-3) for a volume extendi
ng to cz = 60,000 km s(-1). We compare our luminosity function to that
from other redshift surveys; in particular, our luminosity function n
ormalization is consistent with that of the Stromlo-APM survey and is
therefore a factor of 2 below the normalization implied by the b(J) ap
proximate to 20 bright galaxy counts. Our normalization thus indicates
that much more evolution is needed to match the faint galaxy count da
ta, compared to minimal evolution models that normalize at b(J) approx
imate to 20. Also, we show that our faint-end slope alpha = -0.7, thou
gh ''shallower'' than typical previous values alpha = -1, results prim
arily from fitting the detailed shape of the LCRS luminosity function,
rather than from any absence of intrinsically faint galaxies from our
survey. Finally, we find that the faint end of the luminosity functio
n is dominated by galaxies with emission lines. Using [O II] lambda 37
27 equivalent width W-lambda = 5 Angstrom as the dividing line, we fin
d significant differences in the luminosity functions of emission and
nonemission galaxies, particularly in their alpha values; emission gal
axies have Schechter parameters M = -20.03 +/- 0.03 + 5 log h and alp
ha = -0.9 +/- 0.1, while nonemission galaxies are described by M = -2
0.22 +/- 0.02 + 5 log h and alpha = -0.3 + 0.1. The average [O II] lam
bda 23727 equivalent widths do not change significantly with redshift,
consistent with a star formation rate that stays constant over the de
pths sampled by the LCRS. This result holds for galaxies of different
luminosities and over the respective redshift ranges that these galaxi
es may be observed, in particular up to about z = 0.2 for galaxies bri
ghter than M.