Department of Economics

Edward C. Prescott Awarded 2004 Nobel Prize in Economics

Edward C. Prescott, the W. P. Carey Chair in 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]

Center for the Advanced Study in Economic Efficiency

The Center’s mission is to advance economics so it can better address issues in how to achieve greater economic efficiency. One part of the mission is the development of economic theory so that issues of efficiency can be addressed in broader contexts. A second part of the mission is to apply economic theory to issues of public concern through the integration of theoretical and factual studies. The third part of the mission is to diffuse this knowledge globally. [CASEE Web site]