Who is Edward C. Prescott?:
Prescott is the Regents Professor and McKnight Professor in Economics at the University of Minnesota. His webpage states: "Edward Prescott received his Ph.D. from Carnegie-Mellon University in 1967. He teaches in the areas of macroeconomics and econometrics. Professor Prescott's current research focuses on organizations in general equilibrium, theory and applications, theory of international income differences, data representation, and depressions."
What is Edward C. Prescott Most Famous For?:
He is best known for the Prescott and Kydland paper "Time to Build and Aggregate Fluctuations" which appeared in the November 1982 issue of Econometrica. It examines the role multi-period construction projects have on business cycle fluctuations. A complete list of Prescott's papers is available on IDEAS
Well-Known Articles by Edward C. Prescott:
"Time to Build and Aggregate Fluctuations" is one of the most highly read journal articles from the last 30 years. Prescott has written many articles since then, but none have come close to having the impact "Time to Build" did.
Books Written by Edward C. Prescott:
Prescott co-authored the book Barriers to Riches with Stephen Parente.
Graduate Students of Edward C. Prescott:
Ed Prescott was the advisor to well-known economists such as Ayse Imrohoroglu, Jose Victor Rios-Rull, and Elizabeth Caucutt.
What Will Edward C. Prescott Be Remembered For?:
Prescott's work has changed the way macroeconomics is studied and researched, particularly at the "Freshwater" Macro schools of the University of Chicago, University of Minnesota, Northwestern University, and the University of Rochester, among others.
Why Prescott May Win the Nobel Prize in 2003:
There is simply no other Macroeconomist alive who has made more of a contribution to the field who hasn't yet won a Nobel Prize.
Why Prescott May Not Win the Nobel Prize in 2003:
Ed Prescott has been one of the top contenders for the prize every year for the last five years or so, and has been passed over every time. It could happen again this year.
Where Can I Learn More About Edward C. Prescott:
See his website.