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Prescott to speak on “How to Make Everyone Better Off”

This years’ Nobel Laureate in Economics, Dr. Edward C. Prescott will speak in the Burkett Miller Distinguished Lecture Series at UTC. This event is free and open to the public. It will be held Thursday, October 20 at noon in the University Center auditorium.

Prescott received the Nobel Prize in Economics for “contributions to dynamic macroeconomics, the time consistency of economic policy, and the driving forces behind business cycles.” His work hasaltered the course of macroeconomic thinking in the past three decades. Prescott is currently Senior Monetary Advisor for the Federal Reserve Bank of Minneapolis, and holds the W.P. Carey Chair in Economics at Arizona State University. Previously, he held distinguished teaching positions at The University of Minnesota and the University of Chicago. He earned a Bachelor’s degree in Mathematics from Swarthmore College, an MS in Operations Research from Case-Western Reserve University, and a Ph.D. in Economics from Carnegie-Mellon University. He has authored more than 100 articles in the most prestigious academic journals on business cycles, general equilibrium theory, money banking and finance, and economic methodology and policy. His recent book “Barriers to Riches,” published by Cambridge University Press, has been translated into three major languages and Harvard University press has published his book “Recursive Methods in Economic Dynamics.”

Prescott serves on the board of editors for numerous academic journals, including The Journal of Economic Theory, and The Review of Economic Dynamics. He is currently a Research Associate for the National Bureau of Economic Research, and is past president of the Society of Economic Dynamics and Control, and past president of the Society for the Advancement of Economic Theory.

He was honored with the Erwin Plein Nemmers Prize in Economics, and he was named the American Economic Association’s Richard T. Ely Lecturer and Laurea Honoris Causa in Economica from the University of Rome at Tor Vergata. Prescott was also named a fellow of the American Academy of Arts and Sciences, and The Econometric Society, and a Guggenheim Fellow.

Dr. Robert Lawson, holder of the George H. Moor Chair in Economics at Capital University, will critique Prescott’s presentation.

Sponsored by the Scott L. Probasco, Jr. Chair of Free Enterprise, this event is free and open to the public; however, seating is limited and on a first-come, first-served basis. For more information on the speaker and speech, contact the Probasco Chair at (423)425-4118.

October 11, 2005

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