Investopedia

Edward C. Prescott

Dictionary Says

Definition of 'Edward C. Prescott'

The winner of the 2004 Nobel Memorial Prize in Economics, along with Finn Kydland, for his macroeconomic analysis of the business cycle and economic policy. His 1982 paper, co-authored with Kydland, challenged the Keynesian view of the business cycle. Prescott and Kydland are also famous for a 1977 paper on the time consistency problem in economic policymaking.
Investopedia Says

Investopedia explains 'Edward C. Prescott'

Born in New York in 1940, Edward Prescott earned his Ph.D. in economics from Carnegie-Mellon University. Prescott was the Senior Monetary Advisor in the Research Department at the Federal Reserve Bank of Minneapolis, a research associate at the National Bureau of Economic Research and a professor of economics at Arizona State University as of 2010. He has also taught at the University of Minnesota, Northwestern University, Carnegie-Mellon University, the University of Pennsylvania and the University of Chicago.

Articles Of Interest

  1. Understanding Supply-Side Economics

    Does the amount of goods and services produced set the pace for economic growth? Here are the arguments.
  2. Giants Of Finance: John Maynard Keynes

    This rock star of economics advocated government intervention at a time of free-market thinking.
  3. Hetty Green: The Witch Of Wall Street

    Hetty Green was the richest woman of her time and possibly the first value investor, yet she's not remembered kindly.
  4. Muriel Siebert: Female Finance Pioneer

    Muriel Siebert has blazed many paths for investors, but is especially relevant as the first woman to sit on the NYSE.
  5. The Intelligent Investor: Benjamin Graham

    Learn about the man who mentored Warren Buffett, who eventually became the investing "Oracle of Omaha".
  6. Water Cooler Finance: The iPhone Launch, Buffett's Lunch And BP's Lashing

    This week in financial news saw more uncertainty in the markets on bad news from retail, GM and BP.
  7. Top 5 All-Time Best Mutual Fund Managers

    The best managers produced long-term, market-beating returns and helped investors build big nest eggs. Find out who made the cut.
  8. The 5 Most Influential Bankers Of All Time

    These bankers shaped the current financial system - though some didn't live to see the fruits of their labor.
  9. The Unsung Pioneers Of Finance

    We all know names like Rockefeller, but there are other influential pioneers of finance in America's history.
  10. On This Day In Finance: July 17 - America's First Millionaire Is Born

    John Jacob Astor, a fur trader, was the first recorded millionaire in America.
comments powered by Disqus
Marketplace
Hot Definitions
  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.
  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.
  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.
  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.
  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center