UCSB professor Finn E. Kydland was named the winner of the 2004 Nobel Prize in economics on Monday, less than a week after another campus professor won the honor in physics.
The award to Mr. Kydland, who joined the UCSB Economics Department on July 1, marked the fifth time a UCSB academic has been tapped for a Nobel in six years.
He was named along with Edward C. Prescott, a co-researcher and professor at Arizona State University who was a visiting professor at UCSB last year. They will share the $1.3 million prize.