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Edward C. Prescott is an American economist born on December 26, 1940, in Glens Falls, New York. He is known for his work in real business-cycle theory and time consistency in economic policy. Prescott received the 2004 Nobel Memorial Prize in Economic Sciences and is an active contributor to the field of economics.
Prescott studied at multiple institutions, including Swarthmore College, Case Western Reserve University, Massachusetts Institute of Technology, Princeton University, Carnegie Mellon University, and the Tepper School of Business. His doctoral advisor was Morris H. DeGroot.
Throughout his academic career, Edward C. Prescott has mentored many doctoral students, such as Finn E. Kydland, Fernando Alvarez, Costas Azariadis, Edward J. Green, James H. Schmitz, Gary Hansen, V. V. Chari, Rajnish Mehra, Thomas F. Cooley, Ricardo Raineri, Joseph Lin, Ronald A. Edwards, George St Lo, Jean-Pierre Danthine, Pedro Amaral, Stephen T. Parente, and Richard Rogerson.
