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Edward C. Prescott, 81, dies; received Nobel for studying business cycles

Por: The Boston Globe Business November 24, 2022

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Edward C. Prescott, whose work explaining the economic shocks of the 1970s catalyzed new ways of thinking about fiscal and monetary policy, a breakthrough that earned him a Nobel economics prize, died Nov. 6 at a care facility in Paradise Valley, Ariz. He was 81.His son, Ned, said the cause was cancer.Dr. Prescott was a leading member of the generation of economic thinkers who in the 1970s confronted the collapse of Keynesian models, which had... + full article



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