About the Speaker

Edward C. Prescott received this year's Nobel Prize in Economics for his 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. Dr. 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.

Dr. 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.

Among his honors and awards are; the Erwin Plein Nemmers Prize in Economics, being named the American Economic Association’s Richard T. Ely Lecturer, receiving the Laurea Honoris Causa in Economica from the University of Rome at Tor Vergata, and being named a fellow of the American Academy of Arts and Sciences and The Econometric Society, as well as a Guggenheim Fellow.