Costas Azariadis

Costas Azariadis

Doctoral advisor	Edward C. Prescott Robert Lucas
Doctoral students	Russell W. Cooper

Constantine Christos "Costas" Azariadis (Greek: Κώστας Αζαριάδης; born February 17, 1943) is a macroeconomist born in Athens, Greece. He has worked on numerous topics, such as labor markets, business cycles, and economic growth and development. Azariadis originated and developed implicit contract theory.

Azariadis studied engineering in the National Technical University of Athens before earning his MBA and PhD in economics at Carnegie Mellon during 1969-73. His doctoral dissertation at Carnegie Mellon was advised by Edward C. Prescott and Robert Lucas. His dissertation won him the Alexander Henderson Award for excellence in economics, an award also won by Nobel Laureates Oliver Williamson, Dale Mortensen, Finn Kydland and Edward Prescott.

He was an assistant professor at Brown during 1973-76, a visiting researcher at Hebrew University in 1977, then at University of Pennsylvania during 1977-92. He was appointed professor at UCLA in 1992. On July 1, 2006, he was made Edward Mallinckrodt Distinguished Professor in Arts & Sciences at the Economics Department of Washington University in St. Louis while retaining a position at UCLA as a professor emeritus. The same year, he became a research fellow at the Federal Reserve Bank of St. Louis. Azariadis was elected a Fellow of the Econometric Society in 1989.