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Edward C. Prescott
Sign in to saveAlso known as Edward Christian Prescott, Ed Prescott, Edward Prescott
American economist (1940-2022)
OverviewAI-generated
Edward C. Prescott was an American economist and university teacher. He was born in Glens Falls in 1940 and died in Paradise Valley in 2022 from natural causes. Prescott received his education at Swarthmore College, Case Western Reserve University, Carnegie Mellon University, and Princeton University. He taught at the University of Minnesota, Arizona State University, the University of Pennsylvania, and Carnegie Mellon University.
Prescott is known for the real business cycle theory. He received the Guggenheim Fellowship, the Erwin Plein Nemmers Prize in Economics, and the Prize in Economic Sciences in Memory of Alfred Nobel. He was a member of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Econometric Society. He was also a Fellow of the American Academy of Arts and Sciences. His doctoral students included Costas Azariadis and Finn E. Kydland.
Synthesized by Vinony from 24 facts across 3 sources: Wikidata, Nobel Prize, Vinony collections. Generated from structured data (not the Wikipedia text) and checked against those facts — may still contain errors.
Key facts
- Born
- ( 1940-12-26 ) December 26, 1940, Glens Falls, New York , U.S.
- Died
- November 6, 2022 (2022-11-06) (aged 81), Paradise Valley, Arizona , U.S.
- Education
- Swarthmore College Case Western Reserve University Carnegie Mellon University
- Thesis
- Adaptive decision rules for macro economic planning (1967)
- Doctoral advisor
- Michael C. Lovell
- Influences
- Morris H. DeGroot Robert Lucas, Jr. John Muth
- School or tradition
- New classical economics
- Doctoral students
- Costas Azariadis Gary Hansen Finn Kydland V. V. Chari Fernando Alvarez Richard Rogerson
- Notable ideas
- Real Business Cycle theory Time consistency in economic policy
- Awards
- Nobel Prize in Economics (2004)
- Website
- Information at IDEAS / RePEc
via Wikipedia infobox
Nobel Prize
- The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel2004
“for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles”
Shared · 1/2 portion
Wikidata facts
- Instance of
- human
- Given name
- Christian
- Gender
- male
- Citizenship
- United States
- Place of birth
- Glens Falls
- Place of death
- Paradise Valley
- Occupation
- university teacher
- Employer
- Carnegie Mellon University
- Languages spoken
- English language
- Notable work
- real business cycle theory
- Field of work
- economics
- Image
- Edward C Prescott 2015 (cropped).jpg
Show 8 more facts
- Commons category
- Edward C. Prescott
- date of birth
- 1940-12-26
- member of
- Econometric Society
- name in native language
- Edward C. Prescott
- date of death
- 2022-11-06
- manner of death
- natural causes
- maintained by WikiProject
- WikiProject Mathematics
- interested in
- economics
via Wikidata · CC0
~8 min read
Encyclopedic overview
Edward Christian Prescott (December 26, 1940 – November 6, 2022) was an American economist. He received the Nobel Memorial Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles". This research was primarily conducted while both Kydland and Prescott were affiliated with the Graduate School of Industrial Administration (now Tepper School of Business) at Carnegie Mellon University. According to the IDEAS/RePEc rankings, he was the 19th most widely cited economist in the world in 2013. In August 2014, Prescott was appointed an Adjunct Distinguished Economic Professor at the Australian National University (ANU) in Canberra, Australia. Prescott died of cancer on November 6, 2022, at the age of 81.
Biography
Excerpted from Wikipedia’s “Edward C. Prescott” article, available under the CC BY-SA 4.0 licence.