The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2004
Finn E. Kydland, Edward C. Prescott
Interview with Finn E. Kydland at the 3rd Meeting in Economic Sciences in Lindau, Germany, August 2008. The interviewer is Adam Smith, Editor-in-Chief of Nobelprize.org.
Finn Kydland describes growing up in rural Norway and his early education, the broadening experiences that prompted him to study economics (5:03), the attributes he looks for in students (16:54), and the tutelage he tries to provide as a mentor (21:31). He also discusses his groundbreaking 1977 and 1982 papers which were received with considerable controversy (23:10), his work as Director of The Laboratory for Aggregate Economics and Finance or LAEF (33:11) and his contribution to the Copenhagen Consensus (43:56).
Interview with the 2004 Laureates in Economics, Finn E. Kydland and Edward C. Prescott, December 11, 2004. Interviewers are Professor Karl-Gustaf Löfgren and Johanna Åström, post graduate student, Umeå University.
The Laureates talk about why they became economists, how they started their research (5:49), their discovery and its results (9:40), development of the business cycle theory (13:51), Norwegian Laureates (17:16), women in the economic field (21:19) and their present work (23:15).
Participating in the 2004 edition of Nobel Minds: the Nobel Laureates in Physics, David J. Gross and Frank Wilczek, the Nobel Laureates in Chemistry, Aaron Ciechanover, Avram Hershko and Irwin Rose, the Nobel Laureates in Physiology or Medicine, Richard Axel and Linda B. Buck and the Nobel Laureates in Economic Sciences, Finn E. Kydland and Edward C. Prescott. Program host is Nik Gowing.