Edward C. Prescott

You can't spend your way to prosperity.

Economic integration is the path to riches and peace.

I love creating models and coming up with explicit structures I can play with.

I studied international relations and economics at the University of Virginia. I paid my way by working as a bartender in the summer and at three part-time jobs during the year.

The richness of the world, all artificial pleasures, have the taste of sickness and give off a smell of death in the face of certain spiritual possessions.

We define ourselves as intelligent. That's odd, because we're doing the definition - We're creating our own definition and saying, 'We are intelligent!'