Interview with the 2004 Laureates in Economics, Finn E. Kydland and Edward C. Prescott, December 11, 2004. Interviewers are Professor Karl-Gustaf Löfgren and Johanna Åström, post graduate student, Umeå University.

The Laureates talk about why they became economists, how they started their research (5:49), their discovery and its results (9:40), development of the business cycle theory (13:51), Norwegian Laureates (17:16), women in the economic field (21:19) and their present work (23:15).

The Nobel Laureates of 2004 met at the Bernadotte Library in Stockholm in December 2004 to discuss and speculate about the world, the future and their research in the TV show 'Nobel Minds'. The programme presenter is Nik Gowing, principal programme anchor for the BBC's international television news channel BBC World.