Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

Edward S. Prescott

Regents' Professor, W. P. Carey Chair in Economics, and Professor
Arizona State University

Edward Prescott 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," according to the prize announcement.

A member of the Arizona State economics faculty since 2003, Prescott has also taught at the University of Minnesota, University of Chicago, Northwestern University, Carnegie-Mellon University, and  University of Pennsylvania. Visiting Appointments: New York University; University of California-Santa Barbara; University of Chicago; Northwestern University; Norwegian School of Business and Economics. He has also been an economic advisor at the Federal Reserve Bank of Minneapolis since 1981.

He earned his Ph.D. at Carnegie-Mellon University, his master's degree at Case-Western Reserve University, and a bachelor of arts degree from Swarthmore College.