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Nobel-Winning Economist Edward C. Prescott Dies at 81
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wsj.comGrowing up in Glens Falls, N.Y., Edward C. Prescott got an insider’s view of business from chats with his father, an engineer and later comptroller for a global supplier of pigments. Those insights made the economics courses he took in college seem less theoretical and more relevant than they might have seemed to other students.
Dr. Prescott, who earned a Ph.D. degree at Carnegie Mellon University in 1967 and shared a Nobel Prize in economics with Finn E. Kydland in 2004, helped transform thinking on how central bankers and other policy makers should steer economies and on what causes booms and busts.
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