So Syracuse became a laboratory of economic development theory.

FORBES: Magazine Article

According to the ASU website, Professor Prescott has altered the course of macroeconomic thinking over the past three decades with his research that spans such areas as business cycles, economic development and general equilibrium theory and finance.

FORBES: Prof. Edward C. Prescott On China

The answer they found was what Powell describes as the anchor-tenant theory of economic development.

NEWYORKER: The Cost Conundrum