Nobel laureate appointed an ANU Adjunct Professor

13 August 2014

Economist and Nobel laureate Professor Edward C Prescott has been appointed an Adjunct Distinguished Professor at ANU.

Professor Prescott will be working with the ANU Research School of Economics.

“We are delighted to welcome Professor Prescott to ANU,” said ANU Vice-Chancellor ProfessorIan Young AO.

“His decision to accept the position further enhances our research capabilities and demonstrates the University’s ability to attract some of the world’s best teachers and thinkers.”

Professor Prescott and Finn Kydland won the 2004 Nobel Prize in Economics for their contributions to dynamic macroeconomics.

Professor Prescott’s position was announced as he gave the Trevor Swan Distinguished Lecture, named in honour of the founding Professor of Economics at the University.

In honour of the two economists, the ANU College of Business and Economics has announced a new prize, the Swan-Prescott Prize, for outstanding financial economics undergraduates.

The prize will be for extraordinary students, and the winner will be selected by an international committee.

Professor Prescott will return to the ANU to present the prize at graduation.

Mr Swan’s daughter, Professor Barbara Spencer of the Sauder School of Business, University of British Columbia, was a special guest for Professor Prescott’s lecture.

Professor Spencer grew up in Canberra and completed a Bachelor of Economics at ANU. She went on to complete her PhD with Professor Prescott as her supervisor at the Carnegie Mellon University, Pittsburgh, Pennsylvania.

“It is great to be in Canberra and at the ANU. I always come away with ideas from my visits.” Professor Spencer said.

“The combination of the Trevor Swan Lecture Series being presented by my PhD supervisor really is a once in a lifetime opportunity.”