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| Edward Prescott with Executive Vice President
and Provost Milton Glick at halftime of the ASU vs. UCLA football
game |
Ed
Prescott wins Nobel Prize
Edward Prescott, the W. P. Carey Chair in Economics at ASU, was named
winner of the 2004 Nobel Prize in economic sciences on Oct. 11.
Prescott, a professor in the Department of Economics at ASU’s
W. P. Carey School of Business and a senior monetary adviser at the Federal
Reserve Bank of Minneapolis, shared the prize with Finn E. Kydland of
Carnegie Mellon University and the University of California Santa Barbara.
Prescott is known for his work on growth theory and time inconsistency,
and he’s one of a small circle of scholars who have altered the
course of macroeconomic thinking in the past three decades. The span
of his research includes seminal work in business cycles, economic development,
general equilibrium theory and finance, and his work has addressed some
of the most important questions in economics. His insights have had profound
implications for the conduct of fiscal and monetary policy and even bank
regulatory issues.
Other notable faculty honors in the past year include:
- George Poste, director of the Biodesign Institute at ASU,
was named Scientist of the Year by R&D Magazine.
- Mark Searle, ASU vice provost for academic affairs at the
West campus, was named ASU vice president and provost for the West
campus.
- Gerald S. Jakubowski was named vice president and provost of
ASU’s East campus.
- Mernoy Harrison was appointed provost of the downtown Phoenix.
- David A. Young was appointed vice president and dean of the
College of Liberal Arts and Sciences.
- Robert E. Mittelstaedt Jr., formerly vice dean of the Wharton
School of the University of Pennsylvania and director of the Aresty
Institute of Executive Education, was named dean of the W. P. Carey
School of Business.
- Bernadette Mazurek Melnyk, associate dean for research and
director of the Center for Research and Evidence-Based Practice at
the University of Rochester, was named dean of ASU’s College
of Nursing.
- Amy Ostrom, an associate professor of marketing at ASU’s
W. P. Carey School of Business, was named Arizona Professor of the
Year by the Council for Advancement and Support of Education (CASE)
and the Carnegie Foundation for the Advancement for Teaching.
- Mark Klett, ASU Regents professor of photography in the Katherine
K. Herberger College of Fine Arts School of Art, was named a Fellow
of the prestigious John Simon Guggenheim Memorial Foundation.
- Laurie Leshin, the Dee and John Whiteman Dean’s Distinguished
Professor of Geological Sciences, was named by President George W.
Bush to be part of the President’s Commission on the Implementation
of U.S. Space Exploration Policy.
- Eight professors were named Regents Professors, one of the
highest honors accorded faculty for excellence in teaching, exceptional
achievements in research, and national and international distinction
in their fields.
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