Professor Edward C. Prescott, a great figure in modern economics, winner of the Nobel Prize in Economics in 2004 for his contribution to the study of real business cycles, became an honorary doctor of Kozminski University.


In accordance with an academic tradition the diploma, written in Latin, was read by prof. Grzegorz W. Kolodko, promoter and author of the laudation in honor of prof. Prescott. Prof. Marian Gorynia from the University of Economics in Poznań and Prof. Włodzimierz Siwiński from KU wrote about his achievements in the field of economics in their extensive reviews.

The ceremony of awarding the title of doctor honoris causa to Professor Prescott honored the jubilee inauguration of the new academic year 2018/2019 on the 25th anniversary of KU.

Edward C. Prescott has been associated with Carnegie Mellon University for many years, and later with the University of Minnesota, he was a visiting professor at Northwestern University and the University of Chicago. He is currently a professor of economics at the University of Arizona and an adviser at the Federal Reserve Bank of Minneapolis. The title of honorary doctor has already been awarded to him by universities from Italy, Israel, China and Greece. He represents the analytical-mathematical branch of economic sciences rooted in traditional macroeconomics, but his publications also deal with demographic problems, economic growth and the value of money.

Since 2009, Edward C. Prescott is also a member of the International Corporate Advisory Board at ALK.

Professor Prescott is the fifth honorary doctor of KU. Before him, this distinction was given to: prof. Witold Kieżun, prof. Hermann Simon, Ingvar Kamprad, founder of IKEA and prof. Jerzy Dietl.

Below are some pictures from the award ceremony.
We also invite you to see the full album from the Jubilee Inauguration at:

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