Nobel Prize-Winning Economist Speaks at Huntsman School of Business Oct. 8
A Nobel prize-winning economist, known for his models that analyze what causes fluctuations in the national economy, will speak at the Jon M. Huntsman School of Business Friday, Oct. 8.
Ed Prescott, who won the 2004 Nobel Prize in Economics, will speak on the Utah State University campus, in Logan, at 12:30 p.m., in the Orson A. Christensen Auditorium (Room 215) in the George S. Eccles Business Building. The event, part of the George S. Eccles Distinguished Lecture Series, is free and open to the public.
Prescott’s models are considered by many to be the foundation of macroeconomic theory, according to Dean Douglas Anderson of the Huntsman School of Business.
“The economics profession owes a great debt of gratitude to professor Prescott for his uncompromising commitment to scholarly excellence, for his dedication to his students and for the advancement of economics as a quantitative science,” Dean Anderson said. “It’s a rare privilege to have such an economist, known world-wide for his keen intellect, here to speak at the Huntsman School of Business.”
Past speakers of the George S. Eccles Distinguished Lecture Series have included management guru and author Peter Drucker, Nobel Prize winner and author Milton Friedman and Alan Greenspan, former chairman of the U.S. Federal Reserve.
Prescott is the W.P. Carey Chair of Economics in the W.P. Carey School of Business at Arizona State University. He’s also a senior monetary advisor at the Minneapolis Federal Reserve Bank.
His announced topic is “On Efficiently Financing Retirement.”
He has been published numerous times in top academic journals and the Wall Street Journal. He wrote the book Barriers to Riches, which explores why there are large variations in living standards between nations.
Prescott is quoted on the W.P Carey School of Business website saying:
“This is the golden age of economics. Economic theory has become quantitative — a hard science. There have been a lot of questions that we could only speculate about, but now we have methodology to unravel them — questions like why openness is so important to a country’s economy.”
Contact: Steve Eaton, Jon M. Huntsman School of Business, (435) 797-8640, steve.eaton@usu.edu
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