Edward C. Prescott
Edward C. Prescott received the 2004 prize in Economic Sciences. This profile brings together the official award record and attributed background on the economist’s work and career.
Personal and professional profile
- Name
- Edward C. Prescott [1]
- Full name
- Edward C. Prescott [2]
- Birth date
- 1940-12-26 [2]
- Birthplace
- Glens Falls, NY, USA [2]
- Education
- Glens Falls High School; Tepper School of Business; Carnegie Mellon University; Weatherhead School of Management; Massachusetts Institute of Technology; Princeton University [3]
- Fields / occupation
- economist; university teacher [3]
- Prize
- Economic Sciences · 2004 [2]
- Research recognized
- for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles [2]
- Prize share
- 1/2 [2]
- Affiliation at the award
- Arizona State University, Federal Reserve Bank of Minneapolis [2]
- Death date
- 2022-11-06 [2]
- Institutions in career record
- Arizona State University; University of Pennsylvania; Carnegie Mellon University; University of Minnesota [3]
Research, education and career background
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. [4]
Selected introductory text by Wikipedia contributors — Edward C. Prescott, under CC BY-SA 4.0. Official facts are cited separately.
Award and academic affiliation
The official Nobel record dates the Economic Sciences award to 2004 and lists Arizona State University, Federal Reserve Bank of Minneapolis as the affiliation at the time. [2]
An affiliation attached to an award describes that point in the person’s career; it does not establish a current appointment. [2]
Education and career timeline
Source-supported connections
Frequently asked questions
When did Edward C. Prescott receive the prize in Economic Sciences?
The official award record gives the year as 2004. [2]
Which institution was Edward C. Prescott affiliated with at the time of the Economic Sciences award?
Arizona State University, Federal Reserve Bank of Minneapolis. This is the award-time affiliation. [2]
Edward C. Prescott connection map
Select a node to inspect the relationship and source.
Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.
Sources and review dates
- Nobel Prize — official biography and award record ↗
- Nobel Prize — official biography and award record ↗
- Wikidata background facts (CC0) ↗
- Wikipedia contributors — Edward C. Prescott (CC BY-SA 4.0) ↗
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.