Edward C. Prescott
Lee E. Ohanian
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In the fall of 2008, a university-wide Center for the Advanced Study in Economic Efficiency at Arizona State University was established. It is administered by the Office of the President and is located in the W. P. Carey School of Business.
The Center's mission is to advance economics so it can better address issues in how to achieve greater economic efficiency. One part of the mission is the development of economic theory so that issues of efficiency can be addressed in broader contexts. A second part of the mission is to apply economic theory to issues of public concern through the integration of theoretical and factual studies. The third part of the mission is to diffuse this knowledge globally.
To fulfill the mission, the Center will hold conferences designed to foster research in promising frontier areas, as well as others focused on specific economic problems. The Center will also welcome prominent economists from around the world as academic visitors whose interaction will not only foster the Center's mission but will also benefit Arizona State faculty and graduate students. Finally, the Center will support the research of Arizona State faculty and its visitors, and provide guidance and support to graduate students.