Department of Economics

Edward C. Prescott Awarded 2004 Nobel Prize in Economics

Edward C. Prescott, the W. P. Carey Chair of Economics in the W. P. Carey School of Business and a senior monetary advisor at the Minneapolis Federal Reserve Bank, has been awarded the 2004 Nobel Prize in economic sciences, the first-ever Nobel Prize received by an Arizona State University scholar. Prescott was lauded for a lifetime of original thinking that has addressed some of the most important long-standing questions in macroeconomics. He shares the prize with Finn Kydland of Carnegie Mellon University and the University of California, Santa Barbara. [Full Announcement]

Edward C. Prescott: Change Agent in Macroeconomic Thought

Dr. Edward C. Prescott, whose work has altered the course of macroeconomic thinking in the past three decades, anchors the Department of Economics. His research spans many areas, including business cycles, economic development, general equilibrium theory and finance, and has addressed some of the most important long-standing questions in economics. Professor Prescott is also a senior advisor in the research department at the Federal Reserve Bank of Minneapolis, a position he retains while on the faculty at the W. P. Carey School of Business [Full Announcement]